RTL Group with stable profit in 2009
RTL, Europe's largest television group, maintained its 2009 net profit at the previous year's level despite a decline in revenue across all advertising markets. Net profit rose by 0.7 percent to 298 million euros.
According to SDA, the company announced on Thursday that this was due to strict cost-cutting measures and strong pre-Christmas business. However, sales fell by 6.3 percent to 5.4 billion euros. The Board of Directors is proposing a dividend at the previous year's level. This would mean that almost 490 million euros would flow into the coffers of the main shareholder Bertelsmann.
RTL did not provide an outlook. "Even though the decline in sales since fall
As TV advertising sales weakened significantly in 2009, we cannot expect them to recover quickly to previous levels," explained CEO Gerhard Zeiler. The Group therefore remains cautious.
RTL did not provide an outlook. "Even though the decline in sales since fall
As TV advertising sales weakened significantly in 2009, we cannot expect them to recover quickly to previous levels," explained CEO Gerhard Zeiler. The Group therefore remains cautious.
