EQS-Adhoc: ProSiebenSat.1 records a higher than expected increase in earnings in the fourth quarter of 2023 and specifies its outlook for 2024
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EQS-Ad-hoc: ProSiebenSat.1 Media SE / Key word(s): Preliminary Results/Forecast Unterföhring, February 13, 2024. In the fourth quarter of 2023, ProSiebenSat.1 Group recorded a significant increase in the adjusted EBITDA of 11% compared to the previous year quarter to around EUR 335 million (Q4 2022: EUR 303 million). Thereby, the Group exceeded its previous earnings expectations for this quarter. This is the result of the analysis of preliminary figures completed today. Most recently, the Group had expected slight growth in adjusted EBITDA in the fourth quarter of 2023 compared to the previous year quarter. The significant increase in adjusted EBITDA reflects a combination of the expected positive business development in the fourth quarter of 2023 as well as various smaller and non-recurring earnings effects that arose during the preparation of the consolidated financial statements. For the full year, ProSiebenSat.1 Group generated adjusted EBITDA of around EUR 578 million (2022: EUR 678 million). Group revenues developed as expected and amounted to around EUR 3.85 billion in the financial year 2023 (2022: EUR 4.16 billion). Of this amount, around EUR 1.28 billion was attributable to the important fourth quarter (Q4 2022: EUR 1.27 billion), corresponding to an increase of 1% compared to the previous year quarter. In addition, the Group's net financial debt decreased significantly to around EUR 1.546 billion in the fourth quarter (September 30, 2023: EUR 1.775 billion, December 31, 2022: EUR 1.613 billion). For the financial year 2024, ProSiebenSat.1 Group specifies its expectation such that it continues to assume adjusted EBITDA at the previous year's level, but now anticipating an increased adjusted EBITDA of around EUR 575 million (with a variance of plus/minus EUR 50 million) compared to the outlook published on December 19, 2023. On the one hand, this forecast reflects the previously announced increase in programming investments. On the other hand, this is based on the unchanged assumption of a slight increase in consolidated revenues and consistent cost management. Note: ProSiebenSat.1 will publish its full financial outlook for the financial year 2024 as planned on March 7, 2024. All figures for the financial year 2023 mentioned in this announcement are preliminary. ProSiebenSat.1 Group will publish its audited figures for the financial year 2023 on March 7, at the Annual Press Conference 2024. The key figure "adjusted EBITDA" (EBITDA adjusted for non-recurring effects) is not a key figure in accordance with IFRS. Information on the definition of "adjusted EBITDA" can be found in the ProSiebenSat.1 Media SE Annual Report 2022 on p. 130 (available at https://www.prosiebensat1.com/files/2023/12/12/db96bd22-2335-4cf5-b2c4-c25d423f6690.pdf).
Contact: Stefanie Rupp-Menedetter Head of Group Communications & Events ProSiebenSat.1 Media SE Medienallee 7 · D-85774 Unterföhring Tel. +49 89 950 725 98 Mobil +49 17 283 527 03 Stefanie.Rupp@prosiebensat1.com End of Inside Information
13-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ProSiebenSat.1 Media SE |
| Medienallee 7 | |
| 85774 Unterföhring | |
| Germany | |
| Phone: | +49 (0)89 9507-1463 |
| Fax: | +49 (0)89 9507-91463 |
| E-mail: | Dirk.Voigtlaender@ProSiebenSat1.com |
| Internet: | www.prosiebensat1.com |
| ISIN: | DE000PSM7770 |
| WKN: | 777117 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1836591 |
| End of Announcement | EQS News Service |
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1836591 13-Feb-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 4.009,00 | 4.135,00 | 4.047,00 | 4.494,00 | 4.163,00 | 3.852,00 | 3.950,00 | |
| EBITDA1,2 | 570,00 | 838,00 | 801,00 | 804,00 | 666,00 | 140,00 | 575,00 | |
| EBITDA-Margin3 | 14,22 | 20,27 | 19,79 | 17,89 | 16,00 | 3,63 | 14,56 | |
| EBIT1,4 | 348,00 | 578,00 | 553,00 | 553,00 | 236,00 | -87,00 | 0,00 | |
| EBIT-Margin5 | 8,68 | 13,98 | 13,66 | 12,31 | 5,67 | -2,26 | 0,00 | |
| Net Profit (Loss)1 | 250,00 | 412,00 | 252,00 | 442,00 | -49,00 | -134,00 | 225,00 | |
| Net-Margin6 | 6,24 | 9,96 | 6,23 | 9,84 | -1,18 | -3,48 | 5,70 | |
| Cashflow1,7 | 1.459,00 | 1.603,00 | 1.511,00 | 1.539,00 | 1.354,00 | 1.240,00 | 0,00 | |
| Earnings per share8 | 1,06 | 1,80 | 1,18 | 1,98 | 0,02 | -0,55 | 0,60 | |
| Dividend per share8 | 1,19 | 0,00 | 0,49 | 0,80 | 0,05 | 0,05 | 0,15 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Ernst & Young
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
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| ProSiebenSat.1 Media | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| PSM777 | DE000PSM7770 | SE | 1.181,31 Mio € | 13.10.2000 | Halten | 8FWH5JRX+FP |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 6,50 | 13,70 | 0,47 | 4,28 | 0,95 | 0,95 | 0,31 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,05 | 0,05 | 0,15 | 2,96% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 28.05.2025 | 15.05.2025 | 31.07.2025 | 14.11.2024 | 06.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -6,89% | -18,96% | -8,38% | -4,81% | -84,45% |
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