Eurocardsharing

Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, RTL H1 earnings drop at General Satellite News forum; Europes largest commercial broadcaster RTL Group expects its full-year operating profit to drop as its German operations no longer can ...

Reply
 
LinkBack Thread Tools Display Modes
RTL H1 earnings drop
Old
  (#1)
Bacteria
Administrator
 
Bacteria's Avatar
 
Offline
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 100857
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 36
RTL H1 earnings drop - 24-August-2012, 09:20

Europes largest commercial broadcaster RTL Group expects its full-year operating profit to drop as its German operations no longer can make up for other areas suffering from the economic crisis in Europe.

The company, which is majority-owned by media conglomerate Bertelsmann, said earnings before interest, tax and amortisation (EBITA) dropped 13.9 per cent from the same period last year to 506 million in the first six months of the year.

RTL, which runs 46 TV channels and 29 Radio stations in nine countries, said the German TV advertising market grew slightly, while the French, Dutch and Belgian markets were down.

Anke Schferkordt and Guillaume de Posch, Joint Chief Executive Officers of RTL Group, commented: Following an overall stable first quarter, advertising market conditions across Europe became more challenging. We reported a healthy EBITA margin of 18.0 percent. Looking to the remainder of 2012, we maintain our cautious and flexible approach for the business, in particular as there is no visibility yet on the development of the TV advertising markets during the important fourth quarter. With the phasing of productions, we anticipate stronger second half earnings for our content business FremantleMedia. We again expect the Group to deliver a solid level of EBITA, although not at the record level of 2011.


Regards,
   
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump



ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Dreambox