RTL Group: Expects Relatively Weak Start In Q1 Due To Easter Effect - CEO In Conf Call

Reuters

20 Mar

March 20 (Reuters) - RTL GROUP SA ::
*MEDIUM-TERM GOAL: EBIT OF EUR 1 BILLION WOULD TAKE 2 TO 3 YEARS TO ACHIEVE - CEO IN CONF CALL
*AFTER TWO YEARS OF NEGATIVE GROWTH, WE KNOW THAT ADVERTISING, ESPECIALLY TV ADVERTISING, IS STRONGLY CORRELATED WITH OVERALL ECONOMIC DEVELOPMENT AND CONSUMPTION - CEO IN CONF CALL
*SITUATION IN GERMANY REMAINS DIFFICULT - CEO IN CONF CALL
*WE ARE NOT INTERESTED IN LARGE MERGERS IN VIDEO PRODUCTION SECTOR - CEO IN CONF CALL
*WE PLAN TO CONTINUE TO MAKE TARGETED ACQUISITIONS AT FREMANTLE, BUT NO OTHER MAJOR ACQUISITIONS OR SALES - CEO IN CONF CALL
*JANUARY AND FEBRUARY ARE ROUGHLY AT SAME LEVEL AS LAST YEAR; COMPARABLE FIGURES IN Q1 ARE CHALLENGING, AS Q1 2023 WAS VERY STRONG - CEO IN CONF CALL
*EXPECTS RELATIVELY WEAK START IN Q1, WITH MINOR IMPROVEMENT IN MARCH AND APRIL DUE TO EASTER EFFECT - CEO IN CONF CALL
*Further company coverage: AUDK.LU
* (Gdansk Newsroom)
* ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 20-MAR-202508:38:09.34 GMT

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