RTL lowers FY outlook after 2.6% fall in H1 revenues

Thursday 21 August 2014 | 11:32 CET | News
Broadcaster RTL Group reported first-half revenues down 2.5 percent to EUR 2.69 billion, hurt by the continued weakness of the French economy and the effects of a new advertising tax in Hungary. The latter triggered a EUR 88 million impairment charge. As a result, the company's profit attributable to shareholders plummeted by 51.7 percent to EUR 202 million, down from last year's figure of EUR 418 million. On a reported basis, half-yearly earnings per share were EUR 1.32, substantially lower than the previous year's EUR 2.72. Reported EBITA amounted to EUR 519 million compared to EUR 552

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Categories: Broadcast & Satellite
Companies: RTL Group
Countries: Europe
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