ProSiebenSat.1 reports record year
February 27, 2014
The ProSiebenSat.1 Group closed the 2013 financial year with record figures: Consolidated revenues rose by 10.6 per cent to €2.605 billion (previous year: €2.356 billion). Recurring EBITDA increased by 6.1 per cent to €790.3 million (previous year: €744.8 million) despite investments in strategic growth areas. Underlying net income rose by 6.8 per cent to €379.7 million (previous year: €355.5 million).
The strongest revenue driver was once again the Digital segment with a growth rate of 44.5 per cent and external revenues of €483.7 million (previous year: €334.8 million). In 2013, the ProSiebenSat.1 Group generated 29.5 per cent of its revenues outside the traditional TV advertising business (previous year: 24.3 per cent).
Thomas Ebeling, CEO of the ProSiebenSat.1 Group, commented: “2013 was a very successful year for ProSiebenSat.1, both from a financial and strategic perspective. We achieved a new record for revenues and earnings, launched two free TV stations, built on our leading position in the audience and advertising market and increased our distribution revenues further. Our Digital segment grew strongly with a 45 per cent increase in revenues. ProSiebenSat.1 is right on track, both in terms of its operations and strategy. We have set ourselves a new growth target for 2018. Compared to 2012, we want to realize additional revenues of €1 billion. ProSiebenSat.1 is one of Europe’s largest independent media companies and has attractive content and platforms which allow it to reach millions of people. The combination of the two provides us with opportunities that are available to almost no other company. We are therefore in an excellent position to continue the growth story of the ProSiebenSat.1 Group.”
2013, external revenues in the Broadcasting German-speaking segment increased by 3.7 per cent to €1.998 billion (previous year: €1.926 billion). In addition to higher TV advertising revenues, dynamic growth in revenues from the distribution business also contributed to this development.
The Group’s net TV advertising revenues once again increased more than the market. The Group also improved its revenues from new customers to €54.0 million (previous year: €47.3 million). The new stations sixx, SAT.1 Gold and ProSieben MAXX, which gained around 60 new TV advertising customers in 2013, also contributed to this growth.
The ProSiebenSat.1 Group was also the market leader in the German audience market with a market share of 28.1 per cent (previous year: 27.8 per cent, 14-49 year old audience).
In addition, the Group remained on its growth course in the distribution business. Revenues from the distribution of free HD TV stations continued to develop very positively. The number of ProSiebenSat.1 HD subscribers rose by 51 per cent to 4.2 million. The ProSiebenSat.1 Group anticipates that the contribution to revenues made by the distribution business in the next few years will grow dynamically. This will strengthen the Group’s independence from the traditional TV advertising business further.
Despite investments in new formats and stations, recurring EBITDA in the Broadcasting German-speaking segment rose by 2.0 per cent to €678.6 million.