Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Deutsche Boerse AG
  5. Bertelsmann SE & Co. KGaA
  6. News
  7. Summary
    BTG4   DE0005229942

BERTELSMANN SE & CO. KGAA

(BTG4)
End-of-day quote. End-of-day quote Deutsche Boerse AG - 10/22
351 EUR   0.00%
10/20INDUSTRY MEET : The Frankfurt Book Fair Opens Its Doors
PU
10/15BERTELSMANN : Markus Dohle Honored With ‘Horizont Award'
PU
10/13BERTELSMANN : 5 Seconds Of Summer Sign With BMG
PU
SummaryChartsNewsCalendarCompany 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

RTL revenues slide as FremantleMedia disappoints

08/25/2016 | 05:55am EDT
RTL employees look from the TV's German headquarters in Cologne

FRANKFURT (Reuters) - European broadcast group RTL reported a 2 percent decline in sales in the second quarter due to lower revenues at production unit FremantleMedia and competition for advertising revenue from the UEFA European soccer championship.

The result missed market expectations and sent RTL's shares lower on Thursday, but the Bertelsmann-owned company said revenues would recover in the second half, raised its full-year profit forecast and promised an interim dividend.

RTL said it now expected growth of 1 to 2.5 percent in 2016 earnings before interest, tax and amortisation (EBITA) instead of broadly stable EBITA, and confirmed it expected revenue growth of 2.5 to 5 percent.

EBITA grew 3 percent in the quarter to 351 million euros, driven by French broadcaster M6 and RTL Germany. Both sales of 1.45 billion euros and EBITA missed analysts' forecasts in a Reuters poll.

"You can't look at the production business on a quarterly basis simply because of the nature of the business," co-Chief Executive Guillaume de Posch said in an interview with Reuters, pointing out the uneven occurrence of large contracts.

He added the financial impact of a deal announced with Amazon to show Fremantle drama "American Gods" on Amazon Prime - part of a burgeoning business with so-called over-the-top Internet players - would first be felt in 2017.

Analysts welcomed the raised guidance and dividend but expressed some concern over the second quarter.

Shares in RTL were down 1.6 percent at 78.13 euros by 0913 GMT, and were the weakest performers in the European media index, which was down 0.7 percent.

"The overall operative development is showing only a slightly positive dynamic against the backdrop of a solid business cycle in major markets," wrote DZ Bank analyst Harald Heider, who rates RTL "hold".

German rival ProSiebenSat.1 reported a 15 percent jump in second-quarter revenues and a 7 percent increase in recurring core profit on the back of a positive economy in its German-speaking markets.

The VPRT association of German private broadcasters forecasts net advertising revenue in the television sector will rise by 2 to 3 percent in Germany during 2016.

RTL's Chief Financial Officer Elmar Heggen said the company had ample scope for acquisitions even after paying the interim dividend of 1 euro per share in September.

It spent a total of 48 million euros in the first half on acquisitions and stepping up its stakes in existing investments, and has an annual budget of around 250 million euros.

(Reporting by Georgina Prodhan; Editing by Maria Sheahan and Mark Potter)

By Georgina Prodhan

Stocks treated in this article : Bertelsmann SE & Co KGaA, Prosiebensat 1 Media SE

© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
BERTELSMANN SE & CO. KGAA 0.00% 351 End-of-day quote.6.80%
E.ON SE 0.46% 10.902 Delayed Quote.20.28%
PROSIEBENSAT.1 MEDIA SE -0.30% 14.875 Delayed Quote.8.14%
RTL GROUP S.A. -0.87% 49.86 Delayed Quote.25.47%
All news about BERTELSMANN SE & CO. KGAA
10/20INDUSTRY MEET : The Frankfurt Book Fair Opens Its Doors
PU
10/15BERTELSMANN : Markus Dohle Honored With ‘Horizont Award'
PU
10/13BERTELSMANN : 5 Seconds Of Summer Sign With BMG
PU
10/13BERTELSMANN : Investments Buys Rote Liste® Service GmbH
PU
10/13BERTELSMANN : Fremantle Sells ‘Arctic Drift' In 170 Countries And Regions
PU
10/08BERTELSMANN : The Blue Sofa returns live to Hall 3.1 for the Frankfurt Book Fair
PU
10/0550,000 TECH TALENTS : Bertelsmann Scholarship Program Enters Final Round
PU
10/01BERTELSMANN : New Bertelsmann Content Alliance Projects
PU
09/29BERTELSMANN : Thrives as a Global Investor
PU
09/23BERTELSMANN : Erfolgreiche Privatplatzierung von Majorel
PU
More news
Analyst Recommendations on BERTELSMANN SE & CO. KGAA
More recommendations
Chart BERTELSMANN SE & CO. KGAA
Duration : Period :
Bertelsmann SE & Co. KGaA Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Thomas Hermann Rabe Chief Executive Officer
Rolf Hellermann Chief Financial Officer
Christoph Mohn Chairman-Supervisory Board
Brigitte Mohn Member-Supervisory Board
Kai Brettmann Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
BERTELSMANN SE & CO. KGAA6.80%0
WALT DISNEY COMPANY (THE)-6.49%307 858
COMCAST CORPORATION3.11%248 856
VIACOMCBS INC.0.67%24 368
THE LIBERTY SIRIUSXM GROUP12.53%16 273
FORMULA ONE GROUP28.87%12 620