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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
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Among young viewers, RTL Television in Germany achieved an audience share of 19.0 per cent in September, up year-on-year
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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
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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
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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
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