RTL Group Q1 Profit Falls, Backs Full Year View - Quick Facts

By RTT News, 
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(RTTNews.com) - Luxembourg-based media group RTL Group (AUO.F) said first-quarter profit attributable to RTL Group shareholders decreased to 92 million euros from 133 million euros in the previous year.

In the first quarter of 2013, net profit included a significant positive one-off effect of 13 million euros, resulting from the partial reversal of an impairment on RTL Group's holding in the Spanish broadcasting company Atresmedia.

Earnings per share were 0.60 euro, compared to 0.86 euro last year. Prior-year results have been restated.

Revenue slipped to 1.313 billion euros from 1.317 billion euros. Underlying revenue totaled 1.306 billion euros.

According to the company, lower revenues at UFA Sports and negative exchange rate effects were offset by higher revenues from RTL Nederland and FremantleMedia.

The company confirmed its outlook for full year 2014 and expects total revenue, at constant scope and exchange rates, to be broadly stable. Additionally, Earnings Before Interest, Tax and Amortization or EBITA for 2014 is also expected to be broadly stable.

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This article appears in: Earnings

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