The ProSiebenSat.1 Group has said it grew “vigorously” in fiscal 2007. Based on preliminary figures for 2007, its revenues rose 29% to €2.703 billion, up from €2.095 billion last year.
Growth benefited from the first consolidation of the SBS Broadcasting Group, which ProSiebenSat.1 acquired in July, but also from strong growth in the international business and from organic growth in the German-speaking region. EBITDA after adjustment for non-recurring items (recurring EBITDA) was €661.9 million, up 36.3% from the equivalent figure for the previous year.
However, a fine imposed by Germany’s Federal Cartel Office partly counteracted the positive effects of the SBS consolidation. After allowing for this one-time expense of €120.0 million and other non-recurring items, EBITDA was up 8% to €521.3 million.