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RTL meets FY targets, sees stable EBITDA in 2017

Thursday 9 March 2017 | 15:53 CET | News
RTL Group reported annual revenue up 3.4 percent in 2016 to EUR 6.27 billion, led by a strong performance in Germany and expansion in digital platforms. EBITA rose 3.3 percent to a record EUR 1.205 billion, again led by Germany as well as a positive one-off effect at the French unit Groupe M6. Net profit fell to EUR 720 million from EUR 789 million in 2015 due to higher taxes, and the company maintained its final dividend at EUR 3 per share. For 2017, RTL again expects revenue growth of 2.5-5.0 percent. The company is switching to EBITDA as its main profit indicator and forecast a stable

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Categories: Broadcast & Satellite
Companies: M6 / RTL Group
Countries: Europe
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