0
Video

RTL Group withdraws guidance for 2020, cancels 2019 dividend due to Covid-19

Friday 3 April 2020 | 11:49 CET | News
RTL Group has decided to withdraw its financial guidance for 2020, published in mid-March, in view of the economic uncertainty caused by the Covid-19 pandemic. The company said that performance in the first quarter should be broadly in line with expectations. It also warned that the coming months will be negatively impacted by cancellations of advertising bookings and postponements of productions. RTL Group's management is not in a position to provide a revised outlook for 2020 and the board of directors has chosen to withdraw its earlier proposal of a EUR 4 per share dividend for the 2019

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: RTL Group
Countries: Europe
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

RTL revenues fall over 28% in Q2, sees ad market decline slowing in Q3

Published 13 Aug 2020 11:24 CET | Europe
European broadcaster RTL Group reported a sharp fall in second-quarter revenues, hurt by the slowdown in the advertising market ...

RTL Netherlands to consolidate websites, apps in single portal

Published 08 May 2020 11:09 CET | Netherlands
RTL Nederland announced plans to consolidate its online content on a single website, RTL.nl. This will bring together all its ...

RTL Group posts 3% revenue drop in Q1, hurt by fall in TV ad sales

Published 30 Apr 2020 12:31 CET | Europe
RTL Group reported first-quarter revenues of EUR 1.47 billion, down 3.4 percent year-on-year (-3.3% at constant scope and ...

RTL Group trekt guidance in, schrapt dividend uit 2019 wegens Covid-19

Published 06 Apr 2020 13:15 CET | Europe
RTL Group heeft besloten haar financiële guidance voor 2020 in te trekken, te midden van de economische onzekerheid als gevolg ...

RTL Group posts 3.2% rise in FY revenue, sets growth targets for streaming services

Published 13 Mar 2020 16:51 CET | Europe
RTL Group reported full year revenues of EUR 6.65 billion, up 3.2 percent on 2018 on an organic basis. Growth was mainly driven ...