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RTL Q1 rises

European broadcaster RTL Group reported a 1.6 per cent rise in first-quarter core profit, helped by growing advertising revenue in Germany, its most important market.

The broadcaster, which is majority-owned by German media conglomerate Bertelsmann, said its first-quarter earnings before interest, tax and amortisation (EBITA) reached €194 million.
First-quarter group revenue was stable at €1.31 billion.

RTL said it still expected 2015 revenue and EBITA to be broadly stable.

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