RTL Group: slight increase in revenue and earnings
Europe's largest television provider RTL Group was able to slightly increase its revenues and operating profit in the first nine months of 2008. Revenues climbed from 4.04 billion euros in the same period of the previous year to 4.05 billion euros.
Europe's largest television provider RTL Group was able to slightly increase its revenues and operating profit in the first nine months of 2008. Revenues climbed from 4.04 billion euros in the same period of the previous year to 4.05 billion euros, as RTL Group announced on Thursday, according to SDA. Adjusted for portfolio and exchange rate effects, revenues rose by 1.4 percent to 4.1 billion euros.
In the same period, the operating result rose by 1.6 percent from 568 to 577 million euros. The TV advertising markets in Germany and the Netherlands grew, while RTL's holdings in Spain and France had to contend with declining advertising revenues, it said.
Despite the economic climate and the low predictability of advertising bookings, RTL Group's management remains cautiously optimistic that it will achieve its targets for the rest of 2008.
RTL Group operates 43 channels in Europe, including stations such as RTL, Vox and n-tv. The Group also has stakes in 31 radio stations on the continent and operates the global production company Freemantle Media.
In the same period, the operating result rose by 1.6 percent from 568 to 577 million euros. The TV advertising markets in Germany and the Netherlands grew, while RTL's holdings in Spain and France had to contend with declining advertising revenues, it said.
Despite the economic climate and the low predictability of advertising bookings, RTL Group's management remains cautiously optimistic that it will achieve its targets for the rest of 2008.
RTL Group operates 43 channels in Europe, including stations such as RTL, Vox and n-tv. The Group also has stakes in 31 radio stations on the continent and operates the global production company Freemantle Media.
