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ProSiebenSat FY Profit Rises - Quick Facts

German commercial broadcaster ProSiebenSat.1 Media AG (PBSFF.PK) reported that its fiscal year 2019 net income rose 65% to 412 million euros from the previous year's 250 million euros, due to lower reconciling items than in the previous year.

But, adjusted net income declined by 28% or 154 million euros to 387 million euros.

EBITDA of the Group rose by 47% to 838 million euros from the prior year.

Annual revenues grew by 3% to 4.14 billion euros from the prior year. Organic revenues
growth was 2%.

The Executive Committee is advising the Supervisory Board to propose a dividend of around 50% of adjusted net income or 0.85 euros per share to the Annual General Meeting for financial year 2019.

For 2020, the Group aims at further growth in full-year 2020 - on the basis of constant exchange rates and without portfolio changes - and at increasing Group revenues to 4.2 billion euros to 4.4 billion euros . In the base case scenario, the Group expects year-on-year revenue growth to around 4.3 billion euros.

The Group targets adjusted EBITDA of around 870 million euros in the base case scenario in full-year 2020.

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