Significant profit rise for RTL Group
RTL Group is to pay out an extraordinary interim dividend to its shareholders of 2.5 euros per share in September following strong cash flows in the first six months of 2013.
According to a press release published on August 22, the group saw total profit from the period rise 41.1 percent to 467 million euros.
“Our strong interim results again demonstrate the resilience of our diversified portfolio and business model. Despite a tough economic environment, all profit indicators - EBITA, profit margin and net result - were significantly up and we generated the second best first-half EBITA in the company's history,” said RTL Group Co-Chief Executive Officers Anke Schäferkordt and Guillaume de Posch.
Looking to the rest of the year, the group said it could not predict what would happen in the fourth quarter. “Assuming no unexpected deterioration of markets and with the strong results in the first six months of 2013, we are increasingly confident that we will achieve a similar level of EBITA for the full year as in 2012,” it said.
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