New revenue records for ProSiebenSat.1
February 27, 2014 07.33 Europe/London By Robert Briel
Building-ProSiebenSat.1The ProSiebenSat.1 Group said it closed the 2013 financial year with new record figures: consolidated revenues rose by 10.6 % to EUR 2.605 billion (previous year: EUR 2.356 billion).
Recurring EBITDA increased by 6.1 % to EUR 790.3 million (previous year: EUR 744.8 million) despite investments in strategic growth areas. Underlying net income rose by 6.8 % to EUR 379.7 million (previous year: EUR 355.5 million). The strongest revenue driver was once again the Digital & Adjacent segment with a growth rate of 44.5 % and external revenues of EUR 483.7 million (previous year: EUR 334.8 million). In 2013, the ProSiebenSat.1 Group generated 29.5 % of its revenues outside the traditional TV advertising business (previous year: 24.3 %).
“2013 was a very successful year for ProSiebenSat.1, both from a financial and strategic perspective. We achieved a new record for revenues and earnings, launched two free TV stations, built on our leading position in the audience and advertising market and increased our distribution revenues further,” said Thomas Ebeling, CEO of the ProSiebenSat.1 Group, in a statement.
“Our Digital & Adjacent segment grew strongly with a 45 % increase in revenues. ProSiebenSat.1 is right on track, both in terms of its operations and strategy. We have set ourselves a new growth target for 2018. Compared to 2012, we want to realize additional revenues of EUR1 billion. ProSiebenSat.1 is one of Europe’s largest independent media companies and has attractive content and platforms which allow it to reach millions of people. The combination of the two provides us with opportunities that are available to almost no other company. We are therefore in an excellent position to continue the growth story of the ProSiebenSat.1 Group.”
The Group remained on its growth course in the distribution business. Revenues from the distribution of free HD TV stations continued to develop very positively. The number of ProSiebenSat.1 HD subscribers rose by 51 % to 4.2 million. The ProSiebenSat.1 Group anticipates that the contribution to revenues made by the distribution business in the next few years will grow dynamically.