ProsiebenSat.1: beats consensus in Q2
(CercleFinance.com) - The ProSiebenSat.
1 stock is up 3.2% in Frankfurt today, after the group published Q2 adjusted net profit that was down 6% at 136 million euros, meaning 60 cents per share, four cents above the consensus.
Adjusted EBITDA for the German media group decreased by 4% to 259 million euros, with sales down 5% to 912 million euros, meaning a 0.2-point improvement in its margin to 28.4%.
ProSiebenSat.1 has confirmed its FY targets, which include low-to-mid single-digit sales growth, with it maintaining an adjusted EBITDA margin in the mid-20% range.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 stock is up 3.2% in Frankfurt today, after the group published Q2 adjusted net profit that was down 6% at 136 million euros, meaning 60 cents per share, four cents above the consensus.
Adjusted EBITDA for the German media group decreased by 4% to 259 million euros, with sales down 5% to 912 million euros, meaning a 0.2-point improvement in its margin to 28.4%.
ProSiebenSat.1 has confirmed its FY targets, which include low-to-mid single-digit sales growth, with it maintaining an adjusted EBITDA margin in the mid-20% range.
Copyright (c) 2018 CercleFinance.com. All rights reserved.