RTL Group, the leading European entertainment network, announces its interim results to 30 June 2008.
In EUR million
|Half year to
|Half year to
|Restructuring costs and non recurring items||(6)||6|
|Start up losses3||(11)||(14)|
|Reported EBITA margin (%)||17.5||17.8|
|Impairment of goodwill and amortisation of fair
value adjustments on acquisitions
|Gain/(loss) from sale of subsidiaries,
joint ventures and other investments
|Net financial income||25||17|
|Income tax expense||(124)||(141)|
|Profit for the period||391||358||+9.2|
|RTL Group shareholders||338||290||+16.6|
|Adjusted EPS (EUR)4||2.18||1.93||+13.0|
1 Adjusted for Radio 538 in the Netherlands, other minor scope changes and at constant exchange rates
2 EBITA represents earnings before interest and income tax expense excluding impairment of goodwill and disposal groups, amortisation and impairment of fair value adjustments on acquisitions and gain or loss from sale of subsidiaries, joint ventures and other investments
3 Primarily launch costs of digital television channels in the UK and other minor projects
4 Adjusted earnings per share represents the net profit for the period adjusted for impairment of goodwill and disposal groups, amortisation of fair value adjustments on acquisitions, gain or loss from sale of subsidiaries, joint ventures and other investments, net of income tax expense and one-off tax effects
Highest half-year net result ever
Mediengruppe RTL Deutschland and FremantleMedia with new record EBITA
RTL Group consistently increases its presence on all digital platforms
“Reliable business model”
Gerhard Zeiler, Chief Executive Officer of RTL Group, said:
“The results for the first half of 2008 show how reliable RTL Group’s business model is. Our operating profit again exceeded EUR 500 million – despite a slowdown in several advertising markets, adverse currency effects and the special programme investment by Groupe M6 for the European football championship. Our half-year net result even reached a new record high.
RTL Group continues to evolve its strategy. We’re stepping up our presence on all digital platforms to move with our audience. Our catch-up TV services in Germany, France, the UK and the Netherlands already register rapid viewer uptake. In Germany and France, we strengthened our internet portfolio with acquisitions. RTL Group will continue to invest in the fast-growing content and online advertising sectors, which complement our core business.
We expect that the advertising market conditions will continue to be mixed across Europe, combined with low visibility. However, given the strength of our business, we remain confident for the outcome of the full year.“
Conference Call RTL Group Results for press:
|Date:||Tuesday 26 August 2008
11.00 (Luxembourg) / 10.00 (London)
|Number to dial:||+44 20 7162 0125|
The slides of the presentation and the mp3-file will also be available on www.rtlgroup.com.
About RTL Group
RTL Group is the leading European entertainment network, with interests in 44 television channels and 32 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, the Netherlands, 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 across 55 countries.