Constantin Medien AG reported earnings results for the third quarter and nine months of 2018. For the quarter, the company's sales were EUR 24.1 million fell slightly by 4% year-on-year, as a result of lower TV advertising revenues due to the loss of the rights to the UEFA Europa League. Overall, sales in third quarter of 2018 were slightly below expectations. Group loss from operations came to EUR 1.4 million, after EUR 6.3 million in third quarters of 2017. Group earnings attributable to shareholders raised EUR 10.3 million to negative of EUR 1.6 million, reflecting the clear improvement in both the profit from operations (EBIT) and the financial result.

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.