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Broadcaster RTL posts higher profit for 2013
March 6, 2014 / 7:11 AM / in 4 years

Broadcaster RTL posts higher profit for 2013

FRANKFURT, March 6 (Reuters) - European broadcaster RTL Group on Thursday posted a 6.9 percent rise in 2013 core earnings excluding special items, mainly driven by its German business.

Earnings before interest, tax and amortisation (EBITA), excluding special items, rose to 1.152 billion euros ($1.58 billion). In November the company had predicted that EBITA would be on a par with last year’s 1.08 billion euros.

Revenue for the year fell 1.8 percent to 5.889 billion euros, the group said. ($1 = 0.7278 euros) (Reporting by Kirsti Knolle; Editing by Christoph Steitz)

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