ProSiebenSat.1 cuts savings plans thanks to higher revenues
The German TV group increased sales by 15 % in the third quarter.
The German TV group ProSiebenSat.1
Media was able to increase sales and
Result in the 3rd quarter 2005 according to preliminary
figures significantly. At 415.9 million euros, the
Group sales up 15 % on the same quarter of the previous year. The result (EBITDA)
improved by 177 % to 60 million euros. The pleasing
Development is primarily
to higher advertising revenues thanks to rising viewer market shares
This is due to the increase in sales, according to a press release. Due to the increase in sales
reduces the ProSiebenSat.1 Group
The savings plans that were adopted at the half-yearly balance sheet have now been implemented. Instead of
30 million euros, operating costs are expected to increase by only 20
Despite the pleasing growth, the decline in the
However, the company continues to assume that net TV advertising revenues in 2005 will be
will decline by around 2 %.
Media was able to increase sales and
Result in the 3rd quarter 2005 according to preliminary
figures significantly. At 415.9 million euros, the
Group sales up 15 % on the same quarter of the previous year. The result (EBITDA)
improved by 177 % to 60 million euros. The pleasing
Development is primarily
to higher advertising revenues thanks to rising viewer market shares
This is due to the increase in sales, according to a press release. Due to the increase in sales
reduces the ProSiebenSat.1 Group
The savings plans that were adopted at the half-yearly balance sheet have now been implemented. Instead of
30 million euros, operating costs are expected to increase by only 20
Despite the pleasing growth, the decline in the
However, the company continues to assume that net TV advertising revenues in 2005 will be
will decline by around 2 %.
