02 February 2017
Luxembourg, 2 February 2017 – As part of the process for the closing of the consolidated accounts for the financial year 2016, the management of RTL Radio (France) has informed RTL Group about finding accounting misstatements in the Group reporting of RTL Radio (France) over a number of previous years.
RTL Group and RTL Radio (France) have launched a forensic audit and have appointed EY France to assist, in cooperation with RTL Group’s Internal Audit & Compliance team.
Based on a preliminary internal assessment RTL Group will have a modest negative one-off impact in the 2016 consolidated accounts. The Group considers this impact to be immaterial.
RTL Group’s 2016 EBITA outlook is not impacted by today’s announcement.
About RTL Group
RTL Group is a leader across broadcast, content and digital, with interests in 60 television channels and 31 radio stations, content production throughout the world and rapidly growing digital video businesses. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia, Hungary and Antena 3 in Spain. The Group also operates the channels RTL CBS Entertainment and RTL CBS Extreme in Southeast Asia. RTL Group’s families of TV channels are either the number one or number two in eight European countries. The Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group’s content production arm, FremantleMedia, is one of the largest international creators, producers and distributors of multi-genre content outside the US. With operations in 31 countries, FremantleMedia’s comprehensive global network is responsible for more than 10,000 hours of programming a year and distributes over 20,000 hours of content worldwide. Combining the catch-up TV services of its broadcasters, the multi-channel networks BroadbandTV, StyleHaul and Divimove as well as FremantleMedia’s 260 YouTube channels, RTL Group has become the leading European media company in online video. RTL Group also owns a majority stake in the programmatic video advertising platform SpotX. For more information, please visit RTLGroup.com and follow RTL Group on Twitter @rtlgroup.
RTL Group – Entertain. Inform. Engage.