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ProSiebenSat.1 continues to grow

November 6, 2014 10.46 Europe/London By Jörn Krieger

Building-ProSiebenSat.1German media company ProSiebenSat.1 has increased its turnover in Q3 2014 by 10.5% to €637.5 million compared with the same period last year.

The EBITDA rose by 7.9% to €162.9 million. Below the line, net profit rose by 5.5% to €67.3 million.

ProSiebenSat.1 attributes to growth mainly to its activities in the digital and online markets and in the production business. Advertising income also rose.

The Munich-based company expects to increase both its turnover and net profit across the whole year of 2014.

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Filed Under: Finance, Newsline Tagged With: Germany, profit, ProSiebenSat.1, results, turnover Edited: 6 November 2014 10:46

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About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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