Outlook

The following outlook does not reflect the Covid-19 (“Corona”) virus outbreak as it is currently too early to quantify its impact on RTL Group’s results. However, we already see first cancellations of advertising bookings and impacts on productions. Several organisations such as the OECD and IMF have lowered their growth forecasts for 2020 over the past days.

  • RTL Group expects its total revenue for the fiscal year 2020 to grow organically by +2 per cent to +3 per cent with TV advertising revenue slightly down and Fremantle’s revenue up organically by +4 per cent to +6 per cent. This guidance excludes foreign exchange rate and scope effects.
  • RTL Group expects its Adjusted EBITA before additional streaming start-up losses to be broadly stable. After additional streaming start-up losses, Adjusted EBITA is expected to be down by up to -7 per cent.
  • The dividend policy presented in August 2019 remains unchanged: RTL Group plans to pay out at least 80 per cent of the adjusted full-year net result.


RTL Group: outlook for the year 2020

 

 

2019

 

change

2020e

 

Revenue

€6,651m

+2% to +3%

€6,784m to €6,851m

 

 

Adjusted EBITA


 

€1,156m
 

 

 

Before additional streaming start-up losses: broadly stable

 

After additional streaming start-up losses:

up to -7%

 

Before additional streaming start-up losses:

~€1,156m

 

After additional streaming start-up losses:

>€1,075m

 

 

RTL Group: strategic targets for the streaming services TV Now and Videoland

 

 

2019

2025e

Paying subscribers

1.44m

5m to 7m

Streaming revenue

€135m

>€500m

Content spend per annum

€85m

~€350m

 

EBITA break-even expected by 2025.

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