ProSiebenSat.1: adjusted income slumps 42% in 2020
(CercleFinance.com) - The ProSiebenSat.
1 group ended 2020 with a total revenues of 4.04 billion euros, managing to limit their decline to 2%, despite the effects of the pandemic.
Adjusted EBITDA came in at 706 million euros, down 19% from 2019, while adjusted net income slumped 42% to 221 million euros.
However, the group said that it is convinced that its business is robust and expects a significant recovery over this year as soon as the situation returns to normal, adding that it is starting the new year "with optimism".
For 2021, ProSiebenSat.1 targets revenues of 4.15 to 4.35 billion euros, with adjusted EBITDA of 720 to 780 million euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
1 group ended 2020 with a total revenues of 4.04 billion euros, managing to limit their decline to 2%, despite the effects of the pandemic.
Adjusted EBITDA came in at 706 million euros, down 19% from 2019, while adjusted net income slumped 42% to 221 million euros.
However, the group said that it is convinced that its business is robust and expects a significant recovery over this year as soon as the situation returns to normal, adding that it is starting the new year "with optimism".
For 2021, ProSiebenSat.1 targets revenues of 4.15 to 4.35 billion euros, with adjusted EBITDA of 720 to 780 million euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.