LUXEMBOURG: Despite seeing lower profit for the nine months ended September 30, RTL Group posted a revenue increase of 2.1 percent to \u20ac4.2 billion ($4.6 billion).<\/p>\n
This revenue marked a new record level for the group, with gains driven by higher revenue from Mediengruppe RTL Deutschland, Groupe M6, RTL Nederland and RTL Group\u2019s rapidly growing digital businesses.<\/p>\n
Reported EBITA was up 5.6 percent to \u20ac756 million ($823 million), with higher profit contribution from Mediengruppe RTL Deutschland and a positive one-off effect at Groupe M6. Despite significantly higher EBITA, net profit attributable to RTL Group shareholders was down year-on-year to \u20ac443 million ($482 million), hit by higher tax charges.<\/p>\n
RTL Group\u2019s digital revenue was up 25 percent to \u20ac430 million ($468 million).<\/p>\n
The group estimates that the net TV advertising markets were up in all markets in which the Group is active, with the exception of the Netherlands and Hungary.<\/p>\n
FremantleMedia saw EBITA decreased to \u20ac47 million ($51 million), impacted by “higher investments in the creative pipeline,” according to RTL Group.<\/p>\n
Mediengruppe RTL Deutschland\u2019s EBITA increased by 2.4 percent to \u20ac468 million ($509 million), driven by higher TV and digital advertising and platform revenue.<\/p>\n
Groupe M6\u2019s EBITA was up sharply to \u20ac173 million ($188 million). A one-off effect from the gradual phase-out of the M6 Mobile contract more than offset the impact of the higher programming costs for the EUFA Euro 2016 live broadcasts.<\/p>\n
At RTL Nederland, EBITA was stable at \u20ac52 million ($57 million).<\/p>\n
Anke Sch\u00e4ferkordt and Guillaume de Posch, co-CEOs of RTL Group, commented: \u201cDuring the first nine months of 2016, RTL Group once again demonstrated the sustainable success of its diversified portfolio and growth strategy. Despite two major sport events during the summer, we were able to increase both revenue and EBITA once again. This result was mainly driven by the strong performance of Groupe M6, Mediengruppe RTL Deutschland and our rapidly growing digital business.<\/p>\n
“As expected, the results in the third quarter were weaker than the year before. This is the result of the expected front-loading we have experienced this year because of the sport events during the summer\u2014namely the UEFA Euro 2016 and the Olympic Games. Nonetheless, we are in line with guidance for the full-year 2016 and on track for yet another record year.<\/p>\n
\u201cAt the presentation of the full-year results 2014, we said that we wanted to grow digital into a strong pillar of our company, with revenue reaching 10 percent of the group\u2019s total revenue within the next few years. Looking at the nine-month figures 2016, we are happy to say that our digital businesses make up more than 10 percent of our total revenue. We have reached this milestone much quicker than expected.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
LUXEMBOURG: Despite seeing lower profit for the nine months ended September 30, RTL Group posted a revenue increase of 2.1 percent to \u20ac4.2 billion ($4.6 billion).<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[153],"class_list":["post-7188","post","type-post","status-publish","format-standard","","category-top-stories","tag-rtl-group"],"yoast_head":"\n