RTL Group delivers half-year EBITA above EUR 500 million for the first time

RTL Group, the leading European entertainment network, announces its interim results to 30 June 2007.

Highlights

  in EUR million Half Year to June 2007 Half Year to June 2006 Per cent Change (%)
Revenue 2,891

 2,854

 +1.3

 Underlying revenue*

 2,859

 2,751

 +3.9

 Reported EBITA** 515 478 +7.7
   Restructuring charges 6 (9)  
   Start up losses*** (14) (7)  
   Adjusted EBITA  523 494

 +5.9

Reported EBITA margin (%)  17.8 16.7  
Reported EBITA

 515

 478

 
Impairment of goodwill and amortisation of fair value adjustments on acquisitions (129) (6)  
Gain/(loss) from sale of subsidiaries, joint ventures and other investments

 96

 7

 
 Net financial income 17

 6

 
 Income tax expense

 (141)

 (130)

 
 Profit for the period

 358

 355

 +0.8

Attributable to:

 

 

 
          Minority interest

68

 59

 
           RTL Group shareholders 290 296  
 Basic EPS

 1.89

 1.93

 
 Adjusted Net Profit 296

 282

 +4.9

 Adjusted EPS (EUR)****

 1.93

 1.84

 +4.9

* Adjusted for TPS, Five digital channels, Belgian radio and other minor scope changes
** EBITA represents earnings before interest and taxes excluding impairment of goodwill and amortisation of fair value
    adjustments on acquisitions and gain/(loss) from sale of subsidiaries, joint ventures and other investments
***Primarily launch costs of digital television channels in France and the UK
****Adjusted earnings per share represents the net profit for the period adjusted for impairment of goodwill and amortisation
    of fair value adjustments on acquisitions and gain or loss from sale of subsidiaries, joint ventures and other investments,
    net of income tax expense and one-off tax effects

 

For the first time, half-year EBITA of more than EUR 500 million

Significant EBITA improvement at main profit centres German family of channels, M6 Group and FremantleMedia

Consistent strategic course continued

 

“Concept of strong families of channels pays off”

Gerhard Zeiler, Chief Executive Officer of RTL Group said:

“I am delighted that we managed to top the strong first-half performance seen in 2006. The operating result for the first six months exceeded EUR 500 million for the first time, largely fueled by our three major profit centres - the family of channels in Germany, the M6 Group in France, and FremantleMedia.”

“Despite the sale of TPS, revenues reached the record level achieved in the first half of 2006, which was also boosted by high advertising revenue in the lead-up to the Football World Cup.”

“At the same time, the results highlight how important our strategic concept of strong families of channels is. The RTL family grew its audience market shares considerably in the very competitive German market. In France, M6 Group’s digital channels showed very dynamic growth, led by W9. And the deal with John de Mol will help us to further enhance the position of RTL’s Dutch family of channels.”

“We remain cautious but optimistic on the outlook for advertising in the second half of the year where visibility remains limited.”

Conference Call RTL Group Results for press:

Date:                                  Tuesday, 28 August 2007
                                          10.30 (Luxembourg) / 9.30 (London)

Number to dial:                    +44 20 7162 0025
 
Replay details:  There will be a 9 day replay available from 28 August to 6 September 2007,    
                                          by dialing:  +44 20 7031 4064
                                          Passcode: 760330
 
The slides of the presentation and the mp3-file are available on www.rtlgroup.com

 

About RTL Group
RTL Group is the leading European entertainment network, with interests in 39 television channels and 29 radio stations in ten countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, Five in the UK, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Ren TV in Russia and Antena 3 in Spain. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, Spain and Luxembourg. RTL Group's content production arm, FremantleMedia is one of the largest international producers outside the US. Each year, it produces more than 10,000 hours of programming in 22 countries.