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ProsiebenSat.1 at a Glance

2017 was a new record year for ProSiebenSat.1 with revenues of EUR 4,078 million and adjusted EBITDA of EUR 1,050 million. The Group enlarged its portfolio and expanded it as a result of strategic acquisitions, this had a major effect on the development of revenues and costs. ProSiebenSat.1 is focusing on investments that synergistically complement the portfolio and that are suitable for TV advertising.

The Group expects to continue its profitable growth and is aiming to achieve an average increase in revenues in the mid single-digit percentage range per year by 2022. At the same time, the Group anticipates a further increase in operating earnings and a profitability in the mid 20 percent range based on the adjusted EBITDA in the medium term.

 

Key Figures for the ProSiebenSat.1 Group
EURm

2017

2016

2015

2014

2013

Revenues

4,078

3,799

3,261

2,876

2,605

Revenue margin before income taxes (in %)

15.8

17.3

18.5

19.5

20.2

Total costs

3,590

3,056

2,555

2,209

1,962

Operating costs 1

3,053

2,804

2,355

2,047

1,836

Consumption of programming assets

1,145

915

896

868

859

Adjusted EBITDA2

1,050

1,018

926

847

790

Adjusted EBITDA margin (in %)

25.8

26.8

28.4

29.5

30.3

EBITDA

1,084

982

881

818

758

Reconciling items (net)3

34

-35

-44

-29

-33

Operating profit (EBIT)

820

777

730

695

669

Financial result

-174

-119

-126

-134

-142

Profit before income taxes

646

658

604

560

527

Consolidated net profit (after non-controlling interests) 4

471

402

391

346

312

Profit from discontinued operations (net of income taxes)

–/–

-42

0

-27

-48

Adjusted net income5

550

513

466

419

380

Basic earnings per share (adjusted, in EUR)6

2.40

2.377

2.18

1.96

1.78

Investments in programming assets

1,048

992

944

890

860

Free Cash-Flow

728

-4

-1

277

330

Cash flow from investing activities

-894

-1,623

-1,522

-1,148

-1,018

 1 Total costs excl. D&A and non-recurring expenses. 2 EBITDA before non-recurring (exceptional) items. 3 Expense adjustments less income adjustments. 4 Consolidated net profit attributable to shareholders of ProSiebenSat.1 Media SE including discontinued operations. 5 Consolidated profit for the period attributable to shareholders of ProSiebenSat.1 Media SE before the effects of purchase price allocations and additional reconciling items. Due to the merger of share classes in 2013, from this year on basic earnings per share (underlying) are shown. Prior year figures were not determined. 7 Calculated on the basis of the volume weighted average number of shares for the financial year 2016 of 216.8 million; taking into account the shares carrying dividend rights at the reporting date, the economic underlying earnings per share amount to EUR 2.24.

Key Figures for the ProSiebenSat.1 Group
EURm

12/31/2017

12/31/2016

12/31/2015

12/31/2014

12/31/2013

Programming assets

1,198

1,312

1,252

1,212

1,202

Equity

1,252

1,432

943

754

584

Equity ratio (in percent)

19.1

21.7

17.8

19.3

16.4

Cash and cash equivalents

1,552

1,271

734

471

396

Financial liabilities

3,185

3,185

2,675

1,973

1,842

Leverage 1

1.67

1.9

2.1

1.86

1.83

Net financial debt

1,6327

1,913

1,940

1,502

1,4464

Employees 2

6,483

6,054

4,880

4,210

3,590

1 Ratio net financial debt to recurring EBITDA in the last twelve months. 2 Full-time equivalent positions as of reporting date from continuing operations. 3 After reclassification of cash and cash equivalents of Eastern European operations. Adjusted for the LTM recurring EBITDA contribution of Northern and Eastern European operations. 4 After reclassification of cash and cash equivalents of Eastern European operations. 5 Before reclassification of cash and cash equivalents of Northern and Eastern European operations. 6 Adjusted for the LTM recurring EBITDA contribution of Eastern European operations. 7After reclassification of cash and cash equivalents of Tropo.