Axel Springer (AXELF.PK) reported that its 2015 net income increased by 29.2 percent to 304.6 million euros from 235.7 million euros in the prior financial year. Earnings per share was 2.50 euros, compared to 1.71 euros in the prior year.
Consolidated net income, adjusted for non-recurring effects as well as amortization and impairments from purchase price allocations, improved by 11.2 percent to 279.3 million euros from 251.2 million euros, prior year. Adjusted earnings per share increased to 2.22 euros from 2.01 euros.
EBITDA, adjusted for non-recurring effects rose by 10.2 percent, to 559.0 million euros from 507.1 million euros, prior year. EBITDA margin increased to 17.0 percent from 16.7 percent.
Total revenues rose by 8.5 percent to 3.29 billion euros from 3.04 billion euros, last year. Adjusted for consolidation and currency effects, total revenues were 1.6 percent higher than in the prior year.
The Executive Board and the Supervisory Board of Axel Springer will propose a constant dividend payout of 1.80 euros per share for the 2015 financial year to the Annual General Meeting.
For the 2016 financial year, the Executive Board expects an increase in total revenues in the low single-digit percentage range. Adjusted for consolidation effects, above all the deconsolidation of activities in Switzerland, growth would be higher and be in the mid single-digit percentage range. With regard to EBITDA, the Executive Board expects an increase in the low to mid single-digit percentage range. For adjusted earnings per share, the Executive Board expects an increase in the mid to high single-digit percentage range.
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