Premiere: Jump in profits in the third quarter

Germany's pay-TV channel Premiere has
achieved a significant jump in profits in the third quarter. The
Net profit rose from EUR 5.4 million in the previous year to
to 48.7 million euros in the same period of the previous year, as reported by the SDA. The
Operating profit (EBITDA) increased by almost 40% to 60.6 million euros.
climbed. Turnover increased from 242.2 million to 272.6 million
euros. For 2005 as a whole, Premiere aims to achieve sales of over 1.1
billion euros (previous year: 985 million euros). EBITDA is expected to reach
130 to 140 million euros (82.8 million in the previous year).
This year, for the first time in the company's history, black
figures will be written. In its future growth plans, the
Premiere is primarily aimed at a greater restriction of the
Bundesliga soccer broadcasts on free TV. When the Bundesliga starts on
Saturday and Sunday only from 10 p.m. onwards, this could lead to
a significant increase in subscribers at Premiere and more revenue
for football.