ProSiebenSat.1 revenues up 17% in 2016

German broadcaster ProSiebenSat.1 has reported that its fiscal 2016 consolidated net profit from continuing operations climbed 14 per cent to 444 million from 391 million in 2016.  The company increased its revenues by 17 per cent to 3.80 billion from 3.26 billion last year.

“ProSiebenSat.1 Group, supported by a German domestic economy that continues to be positive, has made a good start to the first quarter of 2017. The Group is confident of continuing to grow substantially in 2017,” it said in a statement.

ProSiebenSat.1 said it predicts another record year on the back of a strong German economy, which will feed into its advertising revenues after its 2016 core profit and revenues beat expectations.

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