RTL Group with high profit thanks to advertising revenues
RTL Group, Europe's largest TV conglomerate, increased its revenue and profit in the first half of the year thanks to higher advertising revenue. For the first time, the Bertelsmann subsidiary surpassed the half-billion-euro mark in operating profit.
Europe's largest TV group RTL Group increased its revenues and profits in the first half of the year thanks to higher advertising revenues. The advertising market improved in most countries, the Bertelsmann subsidiary announced on Tuesday. For the first time, RTL exceeded the half-billion euro mark in operating profit in the first half of 2007. Earnings before interest, taxes, depreciation and amortization (EBITA) amounted to 515 million euros, RTL CEO Gerhard Zeiler announced on Tuesday.
On the bottom line, the Group, which has interests in 39 television stations and 29 radio stations in ten countries as well as its production arm Freemantle Media, posted a net profit of 358 million euros, which corresponds to growth of 0.8 percent. Turnover rose by 1.3 percent to 2.89 billion euros.
With a market share of 33.6 percent in the advertising-relevant target group, RTL has achieved its strongest position since 2003, Ziegler continued. The lead in the German audience market over the ProSieben/Sat.1 Group stations had grown in the first half of the year and now amounted to 4.5 percentage points.
On the bottom line, the Group, which has interests in 39 television stations and 29 radio stations in ten countries as well as its production arm Freemantle Media, posted a net profit of 358 million euros, which corresponds to growth of 0.8 percent. Turnover rose by 1.3 percent to 2.89 billion euros.
With a market share of 33.6 percent in the advertising-relevant target group, RTL has achieved its strongest position since 2003, Ziegler continued. The lead in the German audience market over the ProSieben/Sat.1 Group stations had grown in the first half of the year and now amounted to 4.5 percentage points.
