German TV group ProSiebenSat.1 has reported 2014 as a record year, as revenues increased by 10.4 per cent to €2.876 billion.
Recurring EBITDA increased by 7.2 per cent to €847.3 million and underlying net income rose by 10.3 per cent to €418.9 million.
Thomas Ebeling, the CEO of the ProSiebenSat.1 Group, commented: “2014 was a very successful year for ProSiebenSat.1. Once again, we set a new revenue and earnings record and achieved our 2015 targets early. The new stations and the HD distribution business are driving our growth in the TV segment. Our digital business continues to develop dynamically. In 2015, we will further expand and internationalize our digital entertainment and digital commerce business.”
In the broadcasting German-speaking segment, external revenues rose by 3.2 per cent to €2.063 billion. This was driven by higher TV advertising revenues and growing distribution revenues. Recurring EBITDA increased by 3.6 per cent to €702.8 million despite investments in new programmes and stations.