Outlook

RTL Group lifts its EBITDA outlook for 2017 and confirms its revenue outlook for the full year 2017 (most recently communicated on 30 August 2017), assuming there will not be major changes in the economic climate across RTL Group’s markets:
 
  • RTL Group expects its total revenue for the fiscal year 2017 to continue to grow moderately (+2.5 per cent to +5.0 per cent), driven by the Group’s digital businesses and Mediengruppe RTL Deutschland
  • At the same time, RTL Group’s reported EBITDA for the full year 2017 is now expected to be slightly up (+1.0 per cent to +2.5 per cent) based on the strong Q3 performance and as the planned sale of RTL Group’s buildings in Rue Bayard, Paris, will positively impact the Group’s EBITDA in Q4 / 2017 (previously: broadly stable)
  • Against the background of the delivery and / or international exploitation of two major productions being moved to 2018, RTL Group changes its revenue outlook for FremantleMedia: RTL Group now expects FremantleMedia’s revenue to be broadly stable (previously moderately up), subject to stable exchange rates, with EBITDA progressing (unchanged)
  • Digital revenue is expected to continue to show dynamic double-digit growth and increase its share of RTL Group’s total revenue to at least 15 per cent within the next three to five years
  • RTL Group will keep a leverage target of 0.5 and 1.0 times net debt to full-year EBITDA for the fiscal year 2017. RTL Group will continue to focus on cash conversion and expects 2017 levels to be broadly in line with previous years, not below 90 per cent
  • The dividend policy remains unchanged: RTL Group plans to pay out between 50 and 75 per cent of the adjusted net result for the fiscal year 2017

 

Outlook RTL Group

In million €

2016

2017e

Outlook

Per cent change

Revenue

6,237

6,393 to 6,549

Moderately up

+2.5 to +5.0

EBITDA

1,411

1,425 to 1,446

Slightly up

+1.0 to +2.5

 

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