RTL Group: confirms outlook for 2024

(CercleFinance.com) - Group sales rose by 1.
8% to E2,872m in H1 2024 (H1 2023: E2,820m), mainly due to higher TV advertising revenues and a significant increase in streaming revenues, partly offset by lower Fremantle content revenues.

TV advertising revenues rose by 4.7% to E1,093m (H1 2023: E1,044m). Sales of the content business, Fremantle, fell to E957m in H1 2024 (vs. E1,007m).

Profit from continuing operations rose by 42.9% to E110m (vs. E77m). Total group profit rose by 31.1% to E173m (vs. E132m).

Overall, our financial performance in H1 2024 was in line with our expectations, and we confirm our full-year forecasts, the group says.

RTL Group expects FY 2024 sales to reach around E6.6bn. It expects adjusted EBITA of around E750m for 2024, plus or minus E50m. Fremantle is targeting annual sales of E3bn by 2026.


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