RTL Group: net income down in 2024
(CercleFinance.com) - The group announces flat sales of E6,254m for 2024 (compared with E6,234m in 2023).
Sales were down 1.5% on an organic basis compared with 2023, mainly due to Fremantle, management says.
TV advertising revenues were stable at E2,354m (vs. E2,368m in 2023).
Adjusted EBITA fell to E721m (vs. E782m in 2023). It was penalised by a fall in Groupe M6's profit contribution, which was partially offset by an increase in Fremantle's profit contribution and a significant reduction in RTL Deutschland's start-up losses in the streaming sector, management says.
Earnings from continuing operations amounted to E428m (2023: E483m). Total group profit amounted to E555m, down from 2023 (E598m).
RTL expects FY 2025 adjusted EBITA to increase to around E780m.
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Sales were down 1.5% on an organic basis compared with 2023, mainly due to Fremantle, management says.
TV advertising revenues were stable at E2,354m (vs. E2,368m in 2023).
Adjusted EBITA fell to E721m (vs. E782m in 2023). It was penalised by a fall in Groupe M6's profit contribution, which was partially offset by an increase in Fremantle's profit contribution and a significant reduction in RTL Deutschland's start-up losses in the streaming sector, management says.
Earnings from continuing operations amounted to E428m (2023: E483m). Total group profit amounted to E555m, down from 2023 (E598m).
RTL expects FY 2025 adjusted EBITA to increase to around E780m.
Copyright (c) 2025 CercleFinance.com. All rights reserved.