Teutonic, Gallic, Dutch webs drive third quarter rally
Pan-European broadcasting giant RTL Group continued its upward trend into the third quarter thanks to strong performances from its TV channels in Germany, France and the Netherlands.The dramatic advertising market recovery in Western Europe saw RTL’s revenues rise 8.8% to €1.16 billion ($1.62 billion) in the third quarter. From January to September, RTL revenues grew 7.9% to $5.3 billion. The company declined to report net profit but did post sharp increases in earnings before interest, tax and amortization, up 47.8% to $185.5 million and up 46.6% in the first nine months to $934.6 million. RTL, which sold Blighty’s Channel Five in July, said the overall increase throughout the year was “driven by significantly improved results from most profit centers,” pointing out that TV ad markets across the region were growing significantly year-on-year. The group attributed growth primarily to strong revenue from Mediengruppe RTL Deutschland in Germany, France’s Groupe M6 and Dutch holding RTL Nederland. RTL has interests in 39 TV channels and 32 radio stations in 10 countries in Europe.