Q3: RTL Group’s EBITA up 8.3 per cent year-on-year

Luxembourg, 9 November 2011 - RTL Group, the leading European entertainment network, announces its interim management statement to 9 November 2011.

Financial highlights

 In EUR million

 Q3/2011

 Q3/2010

Per cent
change

       
 Revenue

 1,237

 1,160

+6.6

 Reported EBITA1

 144

 133

 +8.3

 Start-up losses2

 -

(6)

 
 Adjusted EBITA

144

139

+3.6

       
 Reported EBITA margin (%)

 11.6

 11.5

 

With higher TV advertising sales in Germany, France and the Netherlands and growing revenue at FremantleMedia, RTL Group’s reported revenue was up 6.6 per cent to €1,237 million in the third quarter of 2011 (Q3/2010: €1,160 million). EBITA increased 8.3 per cent to €144 million (Q3/2010: €133 million), mainly resulting from higher profit contributions from Mediengruppe RTL Deutschland, FremantleMedia and RTL Nederland. The reported EBITA margin was 11.6 per cent, slightly up on the 11.5 per cent in the third quarter of 2010.

 In EUR million

January
to
September
2011

 January
to
September
2010

Per cent
change

       
 Revenue

3,988

 3,821

 +4.4

 Underlying revenue3

 3,888

 3,809

 +2.1

 Reported EBITA1

 701

 670

 +4.6

 Start-up losses2

 -

(16)

 
 Adjusted EBITA

 701

686

+2.2

       
 Reported EBITA margin (%)

 17.6

 17.5

 


1 EBITA (continuing operations) represents earnings before interest and taxes excluding impairment of investment in associates, impairment of goodwill and of disposal group, and amortisation and impairment of fair value adjustments on acquisitions, and gain or loss from sale of subsidiaries, other investments and re-measurement to fair value of pre-existing interest in acquiree
2 Alpha TV in Greece in 2010
3 Adjusted for Radical Media, Ludia and other minor scope changes and at constant exchange rates

During the period January to September 2011 reported revenue grew by 4.4 per cent to €3,988 million (Q1–3/2010: €3,821 million), while reported EBITA increased by 4.6 per cent to €701 million (Q1-3/2010: €670 million). The EBITA increase was driven by higher profit contributions from Mediengruppe RTL Deutschland, Groupe M6’s TV channels and RTL Nederland. The reported EBITA margin for the first nine months of the year was 17.6 per cent, compared to 17.5 per cent for the same period last year.

The net cash position as of 30 September 2011 amounted to €970 million (30 September 2010: €1,059 million, 30 June 2011: €973 million). The operating cash conversion was 93 per cent (Q1–3/2010: 114 per cent).

Operational highlights: good start into the new programming season 2011/12

  • Among young viewers, RTL Television in Germany achieved an audience share of 19.0 per cent in September, up year-on-year
  • With an audience share of 17.6 per cent in the commercial target group of housewives aged under 50 in September, M6 was again the only major French channel to increase its ratings compared to the previous year
  • In the target group of viewers aged 20 to 49, RTL Nederland’s channels scored a combined prime time audience share of 37.5 per cent in September, up 1.7 percentage points year-on-year; RTL 4 achieved its best September ratings since 1997
  • FremantleMedia’s established hit formats such as X Factor, Got Talent and The Farmer Wants A Wife continue to score strong prime time ratings in key territories such as the US, UK, Germany, Australia and France

 

For further information please contact:

 

Media
Oliver Herrgesell
Corporate Communications
Phone: +352/2486 5200
Investor Relations
Andrew Buckhurst
Investor Relations
Phone: +352/2486 5074



About RTL Group
RTL Group is the leading European entertainment network, with interests in 41 television channels and 34 radio stations in 10 countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Alpha TV in Greece, and Antena 3 in Spain – the company also has interests in National Media Group in Russia. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group’s content production arm, FremantleMedia, is one of the largest international producers outside the US. Each year, it produces 9,500 hours of programming across 54 countries.