ProSiebenSat.1: share upbeat after Q2 results
(CercleFinance.com) - The ProSiebenSat.
1 share is up in Frankfurt today, with the group publishing Q2 2019 adjusted net profit that is down 38% at 85 million euros, due to investments recognised as expenses in its entertainment business.
The German media group's adjusted EBITDA fell by 18% to 213 million euros on sales that are up 4% at 947 million euros, meaning a 5.9-point decline in its margin to 22.5%.
Judging this performance to be in line with its annual targets, ProSiebenSat.1 confirms its target for 2019 sales growth of mid-single digit, with an adjusted EBITDA margin of between 22% and 25%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1 share is up in Frankfurt today, with the group publishing Q2 2019 adjusted net profit that is down 38% at 85 million euros, due to investments recognised as expenses in its entertainment business.
The German media group's adjusted EBITDA fell by 18% to 213 million euros on sales that are up 4% at 947 million euros, meaning a 5.9-point decline in its margin to 22.5%.
Judging this performance to be in line with its annual targets, ProSiebenSat.1 confirms its target for 2019 sales growth of mid-single digit, with an adjusted EBITDA margin of between 22% and 25%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.