ProSiebenSat.1 makes positive start to 2014
Joseph O'Halloran
| 08 May 2014
Leading German media firm The ProSiebenSat.1 Group has made a strong start to 2014, with first-quarter revenues growing 3.3 % year-on-year to €581.1 million and net income up 9.4% to €55.7 million.

The company revealed that all of its segments contributed to growth but highlighted considerably improved results in the core German-speaking broadcasting arena where external revenues increased 1.8 % (€8.1 million) to total €449.2 million. Contributing factors cited were what the company called a positive trend in audience and advertising market combined with the on-going dynamic growth of distribution revenues. Against this backdrop, recurring EBITDA increased by 7.9 % or €8.8 million to €119.8 million.

The combined market share of the German ProSiebenSat.1 stations grew significantly. Its SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX channels expanded their combined market share by 1.8 percentage points to 28.4%. For German TV advertising market, the ProSiebenSat.1 Group claimed leadership with a gross market share of 44.4%, the same as in the previous year. The company noted that as advertising budgets were shifted into April due to the late Easter date, it anticipated a stronger second quarter TV advertising revenues.

Offering his opinion on the company's performance, Thomas Ebeling, CEO of ProSiebenSat.1 Media AG, said: "We had a good start to the year: all segments continued to grow in QI 2014. In our core TV business, we not only further increased advertising revenues, but were also able to significantly improve distribution income. In the Digital business, our core areas continued to develop dynamically. In total, we are benefiting across all business segments from the continuing positive macro-economic climate. That makes us optimistic for full year."