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News | RTL Group | Luxemburg, 03/06/2014

RTL Group reports its highest ever full-year EBITA

Full-year results 2013: RTL Group with significantly higher EBITA, EBITA margin and net profit

Throughout 2013, European TV advertising markets reflected local macro-economic developments: the German TV advertising market was estimated to be slightly up, while all other markets were estimated to be down year-on-year. Over the second half of the year, market conditions improved in France, the Netherlands, Belgium and Spain.

RTL Group’s families of TV channels in France, the Netherlands, Hungary and Croatia all gained TV advertising market shares; Mediengruppe RTL Deutschland’s TV advertising market share was estimated to be approximately stable year-on-year.

The reported Group revenue was down 1.8 per cent to €5,889 million (2012: €5,998 million), as higher revenues from RTL Nederland and Mediengruppe RTL Deutschland were offset by lower revenue from FremantleMedia and exchange rate effects. EBITA increased 6.9 per cent to €1,152 million (2012: €1,078 million), primarily driven by significantly higher profit contributions from Mediengruppe RTL Deutschland. Reported EBITA margin improved significantly to 19.6 per cent (2012: 18.0 per cent)

Net profit attributable to RTL Group shareholders increased strongly by 45.7 per cent to €870 million (2012: €597 million).

RTL Group’s digital revenues continued to show very dynamic growth, up 26 per cent to €236 million thanks to organic growth and new acquisitions 

Good results from all profit centres – EBITA of Mediengruppe RTL Deutschland exceeded €600 million for the first time

  • Mediengruppe RTL Deutschland achieved its best financial result ever: EBITA increased by 7.1 per cent to €622 million (2012: €581 million). This improvement was driven by a combination of higher advertising revenue and continued cost discipline
  • In a declining French TV advertising market, Groupe M6 continued to outperform and increased its TV advertising market share. The company’s EBITA was down to €207 million (2012: €224 million), mainly due to the start-up losses for the digital channel 6ter, launched in December 2012
  • EBITA of RTL Nederland increased by 6.2 per cent to €103 million (2012: €97 million), thanks to higher TV advertising and digital distribution revenue. RTL Nederland significantly gained audience and TV advertising market share in 2013
  • RTL Group’s broadcasting operations in Belgium, Hungary and Croatia also increased their EBITA year-on-year, while the French radio family reported stable profit contribution
  • Despite significantly lower revenue – mainly due to negative exchange rate effects and lower production revenue from Germany – FremantleMedia’s EBITA showed only a small decrease to €136 million (2012: €138 million). As a result, the company’s margin improved significantly to 8.9 per cent (2012: 8.1 per cent)

For more information, please see www.rtlgroup.com/results_fy2013.aspx