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PROSIEBENSAT.1 MEDIA SE

(PSM)
  Report
Delayed Xetra  -  11:35 2022-12-01 am EST
8.888 EUR   +2.42%
12:14pProsiebensat 1 Media : .1 prepays promissory notes in the amount of EUR 275 million from available cash
PU
11/18ProSiebenSat.1 Media SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
11/17PROSIEBENSAT.1 : Credit Suisse gives a Sell rating
MD
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Prosiebensat sees higher net income from 2024 after Joyn acquisition

09/13/2022 | 04:00am EST
FILE PHOTO: FILE PHOTO: The logo of German media company ProSiebenSat.1 in front of its headquarters in Unterfoehring

BERLIN (Reuters) - Prosiebensat 1 Media SE has adjusted its outlook after acquiring the remaining 50% of shares in Joyn from Warner Bros. Discovery, the German media company said on Tuesday.

Despite negative adjusted EBITDA contributions from the first-time full consolidation in 2022 of around 25 million euros ($25 million) from the acquisition, the group said it expects adjusted net income in 2022 to be at the previous year's level and thus hardly changed compared to the previous expectation.

Prosiebensat expects no negative impact on dividend-relevant group adjusted net income as early as 2023 and "significantly positive contributions" to adjusted net income from 2024 onwards, it said.

($1 = 0.9858 euros)

(Writing by Rachel More; editing by Matthias Williams)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PROSIEBENSAT.1 MEDIA SE 2.42% 8.888 Delayed Quote.-38.06%
WARNER BROS. DISCOVERY, INC. 2.33% 11.4 End-of-day quote.-51.57%
All news about PROSIEBENSAT.1 MEDIA SE
12:14pProsiebensat 1 Media : .1 prepays promissory notes in the amount of EUR 275 million from a..
PU
11/18ProSiebenSat.1 Media SE Reports Earnings Results for the Third Quarter and Nine Months ..
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11/17PROSIEBENSAT.1 : Credit Suisse gives a Sell rating
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11/16PROSIEBENSAT.1 : Deutsche Bank remains Neutral
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11/16PROSIEBENSAT.1 : Gets a Neutral rating from Barclays
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11/15PROSIEBENSAT.1 : Gets a Sell rating from Goldman Sachs
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11/15PROSIEBENSAT.1 : Goldman Sachs remains a Sell rating
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11/15PROSIEBENSAT.1 : UBS keeps its Buy rating
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Analyst Recommendations on PROSIEBENSAT.1 MEDIA SE
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Financials
Sales 2022 4 143 M 4 273 M 4 273 M
Net income 2022 214 M 220 M 220 M
Net Debt 2022 1 697 M 1 750 M 1 750 M
P/E ratio 2022 9,22x
Yield 2022 9,22%
Capitalization 1 964 M 2 025 M 2 025 M
EV / Sales 2022 0,88x
EV / Sales 2023 0,88x
Nbr of Employees 7 800
Free-Float 68,7%
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Technical analysis trends PROSIEBENSAT.1 MEDIA SE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 8,68 €
Average target price 10,12 €
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Bert Habets Chairman-Executive Board
Ralf Peter Gierig Chief Financial Officer
Andreas Wiele Chairman-Supervisory Board
Lawrence A. Aidem Independent Member-Supervisory Board
Marion Helmes Vice Chairman-Supervisory Board
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