Prosieben Sat.1 significantly reduces loss
The German broadcasting group Prosieben Sat.1 has surprisingly reduced its losses significantly in the first quarter. As the company announced on Thursday, the loss was reduced from EUR 7.9 million in the same period last year to EUR 1.7 million.
The German broadcasting group Prosieben Sat.1 has surprisingly reduced its losses significantly in the first quarter. As the company announced on Thursday, the loss was reduced from EUR 7.9 million in the same period last year to EUR 1.7 million.
Analysts had expected an average loss of 21 million euros. Turnover fell from 729 to 627 million euros. Nevertheless, the TV group is still not venturing an outlook for the current year. According to the Group, the difficult economic environment does not allow for a more precise forecast for 2009.
"We have achieved a satisfactory result in a difficult environment, but will continue to make great efforts to secure the company's operating performance," commented Group CEO Thomas Ebeling on the published figures.
Analysts had expected an average loss of 21 million euros. Turnover fell from 729 to 627 million euros. Nevertheless, the TV group is still not venturing an outlook for the current year. According to the Group, the difficult economic environment does not allow for a more precise forecast for 2009.
"We have achieved a satisfactory result in a difficult environment, but will continue to make great efforts to secure the company's operating performance," commented Group CEO Thomas Ebeling on the published figures.
























