Key Figures
PROSIEBENSAT.1 AT A GLANCE
In a difficult economic environment, ProSiebenSat.1 Group generated Group revenues of EUR 3,852 million in 2023 (previous year: EUR 4,163 million), while adjusted EBITDA decreased as expected to EUR 578 million (previous year: EUR 678 million). The market environment in the first half of 2023 in particular was characterized by uncertainty among consumers and the associated restraint in investment by the advertising industry. In the important fourth quarter, however, Group's revenues increased again as expected. This reflects the slight growth in advertising revenues in the German-speaking region (Germany, Austria and Switzerland) and the high advertising demand for Joyn. The Group also recorded strong growth in the Digital Platform & Commerce portfolio. At the same time, the Group's net financial debt decreased by 4% to EUR 1,546 million (December 31, 2022: EUR 1,613 million). At 2.7x, the leverage ratio was therefore clearly within the target range of 2.5x to 3x forecast for the financial year 2023 (December 31, 2022: 2.4x).
- in EUR m
- 2023
- 2022
- Revenues
- 3,852
- 4,163
- Total costs1
- 3,959
- 3,978
- Programming expenses
- 1,276
- 1,031
- Adjusted EBITDA2
- 578
- 678
- EBITDA
- 140
- 666
- Adjusted net income3
- 225
- 301
- Adjusted earnings per share (in EUR)
- 0.99
- 1.33
- Free Cashflow
- 116
- 388
- Adjusted Operating Free Cashflow4
- 260
- 492
- Audience share (in %)5
- 24.5
- 24.9
1 Total costs comprise cost of sales, selling expenses, administrative expenses and other operating expenses.
2 EBITDA before reconciling items.
3 Net income attributable to shareholders of ProSiebenSat.1 Media SE before the amortization and impairments from purchase price allocations as well as impairments of goodwill, adjusted for the reconciling items. These include valuation effects recognized in other financial result, valuation effects of put option liabilities, valuation effects from interest rate hedging transactions as well as other material one-time items. Moreover, the tax effects resulting from such adjustments are also adjusted. See Group Managment Report, chapter "Planning and Management".
4 For a definition of the adjusted operating free cash flow, please refer to Group Management Report, chapter "Planning and
Management".
5 ProSiebenSat.1 Group; AGF in cooperation with GfK; market standard: TV; VIDEOSCOPE 1.4; Target group: 14-49.
- in EUR m
- 12/31/2023
- 12/31/2022
- Employees1
- 7,188
- 7,284
- Programming assets
- 864
- 1,086
- Cash and cash equivalents
- 573
- 504
- Net financial debt
- 1,546
- 1,613
- Leverage ratio2
- 2.7
- 2.4
- P7S1 ROCE (in %)3
- 11.0
- 12.4
1 Full-time equivalent positions as of reporting date.
2 Ratio net financial debt to adjusted EBITDA in the last twelve months.
3 Ratio of adjusted EBIT of the last twelve months after corrections to capital employed (average). See Group Management Report, chapter "Planning and Management".