Constantin Medien AG Reports Earnings Results for the Third Quarter and Nine Months of 2018; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2018
For the nine months, the Group earnings attributable to shareholders in 2018 amounted to negative of EUR 8.1 million and thus improved by EUR 8.0 million year-on-year. In 2017, without factoring in extraordinary effects, the figure was negative EUR 16.1 million. The improvement compared to the prior year period was achieved despite the fact that PLAZAMEDIA's profit from operations in the first nine months of 2018 fell by EUR 5.1 million due to the expiry of the Sky contract on June 30, 2017.
For the full year 2018, the company confirms its present Group forecast for the 2018 financial year - particularly as the fourth quarter is regularly the strongest. Currently it is still anticipating Group sales of between EUR 110 million and EUR 130 million, and Group earnings attributable to shareholders of between negative EUR 1.5 million and negative EUR 4.5 million.