RTL has released its interim results for the first half of 2006, showing a year on year increase in revenue of 19.1% to €2,397 million.
The company’s non-advertising revenue increased to 40% from 37% of total revenue, although its net profit was down to €296 million.
The company said that it experienced improved advertising conditions in all countries except the UK.
Gerhard Zeiler, Chief Executive Officer of RTL Group said: “I am delighted with our performance in the first half of 2006, where we have produced a record Group EBITA. It demonstrates both the strength of all of our business units and our strategic position as Europe’s leading Entertainment Network.
“Almost all of our business units further increased their EBITA contributions during the six months to 30 June. We saw improved advertising conditions in most of our major markets (with the notable exception of the UK).
“Our content business FremantleMedia also had an excellent first half year driven by strong business in the US, UK and in distribution & licensing. Further, our broadcasters have launched a number of new initiatives aimed at increasing the revenue we receive from non-advertising sources.
“We remain cautious but optimistic on the outlook for advertising in the second half of the year where visibility remains limited. Regarding our results, it should be noted that, given the overall positive impact of the Football World Cup on advertising and the timing of FremantleMedia productions, there has been a pronounced phasing effect towards the first half of the year on our EBITA. RTL Group is extremely well positioned to further strengthen its position as Europe’s leading Entertainment Network.”
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