ProSiebenSat.1: nosedives after quarterly results
(CercleFinance.com) - ProSiebenSat.
1 plunges by 9% in Frankfurt in the wake of the German media group's announcement of adjusted net profits on the rise by 6% to 93 million euros for the first three months of the year.
Adjusted EBITDA has progressed by 7% to 200 million euros with revenues down 3% to 881 million, following the deconsolidation of the travel business. Outside currency and consolidation effects, revenue has increased by 1%.
For the 2018 fiscal year, ProSiebenSat.1 continues to forecast revenue growth “in the low or mid single-digit percentage range” and maintenance of adjusted EBITDA margin “in the mid-20s percentage range”.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 plunges by 9% in Frankfurt in the wake of the German media group's announcement of adjusted net profits on the rise by 6% to 93 million euros for the first three months of the year.
Adjusted EBITDA has progressed by 7% to 200 million euros with revenues down 3% to 881 million, following the deconsolidation of the travel business. Outside currency and consolidation effects, revenue has increased by 1%.
For the 2018 fiscal year, ProSiebenSat.1 continues to forecast revenue growth “in the low or mid single-digit percentage range” and maintenance of adjusted EBITDA margin “in the mid-20s percentage range”.
Copyright (c) 2018 CercleFinance.com. All rights reserved.