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MarketScreener Homepage  >  Equities  >  Xetra  >  RTL Group S.A.    RRTL   LU0061462528

RTL GROUP S.A.

(RRTL)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 08/14 03:59:58 pm
28.03 EUR   +0.04%
05:17aRTL GROUP : Barclays reiterates its Neutral rating
MD
05:13aRTL S A : Interim report January to June 2020
PU
08/13RTL S A : Interim Results 2020
PU
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CEO of 'storm-proof' ProSieben dismisses merger speculation

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06/10/2020 | 08:23am EDT
FILE PHOTO: File photo shows the logo of Germany's biggest commercial broadcaster ProSiebenSat.1 Media AG in Unterfoehring

By Douglas Busvine

ProSiebenSat.1 Media's new CEO on Wednesday resisted calls for a European TV industry merger, saying cross-border consolidation would yield scant benefits and vowing the company would rebound from the coronavirus shock on its own.

Rainer Beaujean, hired in March to run the German broadcaster after predecessor Max Conze's pivot to digital commerce unravelled, is under pressure to deliver better growth and profits as investors led by Italy's Mediaset circle.

Addressing ProSieben's annual general meeting, Beaujean vowed to chart a course to returns on capital of at least 15%, saying he had made the company "storm-proof" in the face of a 40% slump in ad revenues.

"A trans-European merger would bring few synergies," Beaujean said. ProSieben was not in strategic talks either with Mediaset or Daniel Kretinsky's Czech Media Invest, both of which have amassed double-digit stakes.

Mediaset, controlled by the family of former Italian Prime Minister Silvio Berlusconi, last week pressed Beaujean to come up with a credible growth strategy, but made it clear that it did not intend for now to launch a hostile bid.

Shares in ProSieben fell by 4% on the day, as Beaujean also ruled out a tie-up with its main competitor in Germany, RTL Group, as this would be detrimental to media diversity in Europe's largest economy.

There was likely to be limited drama at the AGM, which was held online. No board seats were contested and Antonella Mei-Pochtler, provisionally appointed in April, was expected to be confirmed in her post.

Beaujean pledged to build ProSieben into "the leading entertainment and infotainment player in Germany, Austria and Switzerland". As part of that focus, ProSieben plans to float its online dating business in 2022.

ProSieben faces no major debt redemptions until April 2024, Beaujean said, while the cancellation of the annual dividend will conserve vital cash. It plans to return to a payout of 50% of adjusted net profits next year.

(Reporting by Douglas Busvine; editing by Thomas Seythal, Maria Sheahan and Emelia Sithole-Matarise)

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Toute l'actualité sur RTL GROUP S.A.
05:17aRTL GROUP : Barclays reiterates its Neutral rating
MD
05:13aRTL S A : Interim report January to June 2020
PU
08/13RTL S A : Interim Results 2020
PU
08/13RTL GROUP : Goldman Sachs gives a Neutral rating
MD
08/13RTL S A : Group 1st Half Profit Plunged on TV Advertising Market Decline
DJ
08/06RTL GROUP : DZ Bank reiterates its Neutral rating
MD
08/05RTL GROUP : Deutsche Bank remains Neutral
MD
07/21RTL GROUP : Barclays sticks Neutral
MD
07/15RTL GROUP : Goldman Sachs remains Neutral
MD
07/07RTL S A : Group Investor Relations Presentation
PU
More news
Financials
Sales 2020 5 860 M 6 938 M 6 938 M
Net income 2020 429 M 508 M 508 M
Net Debt 2020 258 M 306 M 306 M
P/E ratio 2020 10,1x
Yield 2020 8,99%
Capitalization 4 313 M 5 104 M 5 108 M
EV / Sales 2020 0,78x
EV / Sales 2021 0,72x
Nbr of Employees 16 264
Free-Float 23,0%
Chart RTL GROUP S.A.
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Technical analysis trends RTL GROUP S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 36,22 €
Last Close Price 28,10 €
Spread / Highest target 114%
Spread / Average Target 28,9%
Spread / Lowest Target -3,91%
EPS Revisions
Managers
NameTitle
Thomas Hermann Rabe Chief Executive Officer & Executive Director
Martin Taylor Chairman
Elmar Heggen COO, Deputy CEO & Executive Director
Björn Bauer Chief Financial Officer
Vincent Pascaud Senior Vice President-Group IT & IT Governance
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