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The ProSiebenSat.1 media group
Proposed dividend back. Due to the current stop of the
The world economy and the resulting substantial
Economic uncertainty is currently not possible for one
Prospects for financial results in the second quarter and for the
To give full year, the company said Wednesday night
Unterföhring near Munich.
Furthermore, the Board of Directors and the Supervisory Board have decided that
Propose to the Annual General Meeting, none for fiscal year 2019
To pay dividends. Originally, shareholders should have been 85 cents
certificate received per share. But continue with the previous one
Fixed dividend policy, 50 percent adjusted
Distribute the Group’s consolidated net income.
Investors were also evident in light of the similar
Notices from various listed companies of the younger generation.
Left in the past. ProSiebenSat.1 share price surrendered
the Tradegate trading platform in an initial reaction only to the good
half percent later.
New board spokesman and chief financial officer Rainer Beaujean said:
“In mid-March we were on the right track until the first
The effects of Covid-19 have started our business in all segments
to affect because the duration and full scope of the pandemic
remain uncertain, currently it is not possible to obtain one
To give an overview of our annual results. “
According to provisional figures, the group’s sales increased in the first three
Months according to the information, by 1 percent to 926 million euros. In
The previous year had been 913 million euros. The
Initial restrictions in the Corona crisis would have high margin
Advertising business affected in the second half of March: the
Therefore, advertising sales fell in the first quarter after the first.
Cancellations of individual items by 4 percent.
The group also benefited from businesses classified as
Example of the online beauty provider Flaconi. But for the business
grew in low margin areas and high margin areas
(Advertising business) decreased, adjusted EBITDA decreased in the first quarter
by 17 percent to 157 million euros in the same period last year
it was still 190 million euros. The tight
The company reported consolidated net income of 58 million euros.
(Previous year: 94 million euros).
ProSiebenSat.1 assumes that in April advertising revenue in
The television business will decrease approximately 40 percent compared to last year
be Also production deferrals by Red Arrow Studios
affect business
The group with more than 7200 employees is also currently checking whether it is
It will introduce short-term work into the entertainment business. In
the NuCom division with stores and internet platforms such as Verivox or
The media group uses the short-term parenting instrument.
already in some portfolio companies.
ISIN DE000PSM7770
AXC0383 2020-04-22 / 23: 36
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