logo
Plus   Neg
Share
Email

RTL Group FY17 Net Profit Up 2.6%; Sees Moderate Revenue Growth In FY18

RTL Group (AUO.F) reported that its fiscal 2017 net profit attributable to shareholders rose 2.6 percent to 739 million euros from last year's 720 million euros, mainly due to higher EBITDA. Reported earnings per share rose to 4.81 euros from 4.69 euros per share last year.

EBITDA for the year rose 3.8 percent to 1.46 billion euros from 1.41 billion euros a year ago. The increase in EBITDA resulted from higher EBITDA contributions from Mediengruppe RTL Deutschland, FremantleMedia and a positive one-off effect from the sale of RTL Group's buildings in Rue Bayard, Paris, of 94 million euros.

Group revenue for the year increased 2.2 percent to 6.37 billion euros from 6.24 billion euros in the prior year.

The increase in revenues was mainly driven by higher revenue from Mediengruppe RTL Deutschland, Groupe M6 and RTL Group's digital businesses, despite the fact that all European net TV advertising markets in RTL Group's territories were down or stable year-on-year.

Underlying revenue rose to 6.34 billion euros from 6.23 billion euros last year.

Looking ahead to fiscal 2018, RTL Group expects total revenue to continue to grow moderately, up 2.5 percent to 5.0 percent, driven by the Group's digital businesses and FremantleMedia.

The 2017 EBITDA included a positive one-off effect of 94 million euros from the sale of buildings in Rue Bayard, Paris. Normalised for this effect, RTL Group expects EBITDA in 2018 to be broadly stable.

RTL Group's board of directors has proposed a final dividend of 3.00 euros per share for the fiscal year 2017.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019. Voip-Pal.com Inc. has filed a lawsuit against Amazon Inc., accusing Alexa's calling and messaging services of infringing its patents. The lawsuit, filed by Voip-Pal in the U.S. District Court in Nevada, accuses Amazon's Alexa calling and messaging system of using Voip-Pal's patented technologies to direct voice/video calls and voice messages to both Amazon subscribers and non-subscribers. Canada is a step closer to becoming the first G-7 nation to legalize marijuana nationwide after the House of Commons voted to allow recreational use. The bill will now go back to the country's Senate, which had already approved a version of the bill. On Monday, the House of Commons voted 205 to 82 in favor of the Bill C-45, known as the Cannabis Act.
Follow RTT