| RTL Group had a good start to the year as reported EBITA was up 8.7 per cent to EUR 188 million in the first quarter. The increase of the reported EBITA is mainly driven by the performance of Mediengruppe RTL Deutschland. Reported Group revenue was down 2.0 per cent compared to the first quarter last year to EUR 1,336 million mainly due to lower revenues in the UK and France and also due to the strong Euro. The reported EBITA margin improved to 14.1 per cent mainly due to continued cost discipline. The net cash position amounted to EUR 1,240 million with an operating cash conversion of 101 per cent.
The dividend proposal of EUR 5.00 per share was approved by the AGM on 16 April 2008. The dividend payment amounting to EUR 774 million was made on 25 April 2008.
The net TV advertising markets in Germany, Belgium and the Netherlands all grew in the first quarter of 2008 whilst the French and the UK TV advertising markets were down.
The outlook for the full year 2008 remains unchanged: with regard to advertising sales, RTL Group has - despite the current economic climate - no reason to be pessimistic.
More information is available in the related press release.
RTL Group, Luxembourg
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