Edition:
United Kingdom

Prosiebensat.1 Media reorganises, sets new mid-term guidance


Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Prosiebensat.1 Media Se ::TO ORGANIZE BUSINESS INTO "ENTERTAINMENT", "CONTENT PRODUCTION & GLOBAL SALES" AND “COMMERCE” DIVISIONS.PROSIEBENSAT.1 SETS NEW MID-TERM FINANCIAL TARGETS, SEES REVENUE GROWTH OF MORE THAN EUR 1 BILLION BY 2022.PROSIEBENSAT.1 ENTERTAINMENT DIVISION MID-TERM REVENUE GROWTH OUTLOOK 0-5 PERCENT; ADJUSTED EBITDA MARGIN 30-35 PERCENT.PROSIEBENSAT.1 CONTENT/SALES DIVISION MID-TERM REVENUE GROWTH OUTLOOK 5-10 PERCENT; ADJUSTED EBITDA MARGIN 5-10 PERCENT.PROSIEBENSAT.1 COMMERCE DIVISION MID-TERM REVENUE GROWTH OUTLOOK 10-15 PERCENT, ADJUSTED EBITDA MARGIN 15-20 PERCENT.PROSIEBENSAT.1 PLANS COST SAVINGS OF OVER EUR 50 MILLION BY 2019/20 THROUGH SYNERGIES BETWEEN TV AND DIGITAL.PROSIEBENSAT.1 SEEKING POTENTIAL CO-INVESTORS IN CONTENT PRODUCTION AND COMMERCE.PROSIEBENSAT.1 OUTLOOK FOR FULL YEAR 2017 CONFIRMED.PROSIEBENSAT.1 REAFFIRMS DIVIDEND POLICY WITH PAYOUT RATIO OF 80-90 PERCENT.