ProSiebenSat.1 Media AG

euro adhoc: ProSiebenSat.1 Media AG
other
ProSiebenSat.1 Group expects EBITDA improvement of 70 percent in fiscal 2004 - EBITDA increases from EUR 189 million to EUR 321 million - Revenues grow by 1.5 percent to EUR 1.835 billion

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27.01.2005

The ProSieben Sat.1 Group has had a very successful fiscal 2004. Despite of a slowdown of the advertising market in the second half of the year, Germany’s leading TV company was able to significantly improve its results and its profitability. On the basis of a first analysis of the preliminary figures for the full year 2004, consolidated EBITDA is expected to be EUR 321 million. This is a 70 percent increase compared to the previous year’s EBITDA of EUR 189 million. Consolidated revenues in full year 2004 are expected to have grown by 1.5 percent from EUR 1.807 billion to EUR 1.835 billion. The EBITDA margin in fiscal year 2004 has improved up to 17.5 percent from 10.5 percent the previous year. The significant improvement in results is partly due to the increase in revenues and to the increase in audience market share of the channel family. The channels Sat.1, ProSieben, Kabel 1 and N24 were able to improve their audience market share by 0.4 percentage points up to 29.4 percent in the commercially decisive target group of the 14 to 49 year-olds in 2004. The result improvement is also due to cost reductions. According to the preliminary review, total costs in fiscal 2004 amount to EUR 1.577 billion, which is a decrease of about 8 percent compared to the previous year. Total cost reductions thereby exceeded the targeted EUR 130 million. ProSiebenSat.1 will announce further details of its 2004 preliminiary results during the annual press and analyst conference on February 22, 2005. Further information regarding the financial calendar is available at www.prosiebensat.1.com.

end of announcement                                euro adhoc 27.01.2005 07:46:55
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Further inquiry note: Katja Pichler Company Spokesperson Tel.: +49(0)89 9507-1180 E-Mail: Katja.Pichler@Prosiebensat1.com

Branche: Media
ISIN:      DE0007771172
WKN:        777117
Index:    Midcap Market Index, MDAX, Prime Standard, CDAX, Classic All Share, HDAX, Prime All Share
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Frankfurter Wertpapierbörse / official dealing



Weitere Meldungen: ProSiebenSat.1 Media AG

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