08 maj: COOL KARAFLER
09 maj: Pas på de skjulte forsikringer
08-05-2012 20:03:00

UPDATE: Mediaset Sees Lower 2012 Profit After Difficult 1Q

Relateret indhold

-- Mediaset fist-quarter net profit tumbles as advertising decline continues

-- Mediaset doesn't see an improvement in the advertising trend in April, May

-- The Italian broadcaster faces increasing competition in the pay-TV business

(Updates to add details, executive comments, in fifth and last two paragraphs)

By Giada Zampano

Of DOW JONES NEWSWIRES

ROME -(Dow Jones)- Mediaset SpA (MS.MI), Italy's largest private broadcaster, Tuesday confirmed its forecasts for declining profits for 2012 after posting a sharp drop in its first-quarter net profit due to a continued fall in advertising revenue in its key Italian and Spanish markets.

The broadcaster, owned by the family of former Prime Minister Silvio Berlusconi, said it expects this year's consolidated net profit and cash generation to be lower than last year's unless market conditions improve.

For the first three months of the year, the group posted a net profit of EUR10.3 million from EUR68.4 million in the same period a year earlier. Analysts had forecast a net profit of EUR23.3 million.

Revenue fell to EUR977.8 million from EUR1.1 billion as gross advertising spending declined by 10% in Italy.

Mediaset executives said in a conference call with analysts they don't expect the advertising trend to improve in April and May.

Mediaset is battling with News Corp.'s (NWS) satellite unit Sky Italia in the fast-growing Italian pay-television market, as it struggles to defend its dominant position in the free-to-air TV sector.

The broadcaster is facing a shrinking audience for its free-to-air channels, as well as dwindling advertising revenue in a stagnant economy.

The pay-TV business also registered a weak performance in the first quarter, with revenue falling by around 3% to EUR131.1 million.

The Italian broadcaster is pursuing a three-year cost-cutting plan, which will reach savings of EUR250 million a year in 2014.

News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

-By Giada Zampano, Dow Jones Newswires; +39 06 69766920; giada.zampano@dowjones.com

Order free Annual Report for News Corp.

Visit http://djnweurope.ar.wilink.com/?ticker=US65248E1047 or call +44 (0)208 391 6028

(END) Dow Jones Newswires

May 08, 2012 14:03 ET (18:03 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Bavarian: Udenlandske kapitalfonde øger væddemålet på kursfald

20-04-2018 16:36:15
En række kapitalfonde har onsdag og torsdag øget sine shortpositioner i biotekselskabet Bavarian Nordic. Det viser en række indberetninger til Finanstilsynet. Torsdag har Capital Partners øget sin shortposition til 0,62 pct. af aktierne fra 0,54 pct. Ligeledes har AHL Partners øget sin shortposition til 1,31 pct. af Bavarian-aktierne. Tidligere havde kapitalfonden shortet 1,20 pct.Arrow Street øge..

Vestas-konkurrent sælger flere vindmøller - men prispresset fortsætter

20-04-2018 12:49:56
Den amerikanske Vestas-konkurrent General Electric (GE) har solgt flere vindmøller i første kvartal, men selskabet melder om fortsat prispres i branchen. GE havde i de første tre måneder af 2018 en ordreindgang på 936 vindmøller mod 589 i samme periode sidste år. Selskabet oplyser ikke størrelsen på de solgte møller, men skriver i en kommentar, at det har haft en stærk vækst i USA målt på megawatt..

Brøndby-aktien banker til vejrs efter sejr over guldrival

20-04-2018 09:20:41
Aktien i Brøndby IF bliver sendt til vejrs med en stigning på 13,6 pct. til 1,25 kr. fredag morgen, efter at fodboldklubben torsdag aften vandt 3-2 på udebane over FC Midtjylland i Alka Superligaen.Med sejren fastholder Brøndby IF sin førsteplads i Alka Superligaen og har nu tre point ned til netop FC Midtjylland på andenpladsen. Der mangler at blive spillet seks runder, før sæsonen er slut i Alka..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

News Corporation 16,17 -0,1% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2018  Disclaimer Cookie- og privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
22. april 2018 20:19:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: ReleaseBuild_20180417.1 - EUROWEB1 - 2018-04-22 20:19:33 - 2018-04-22 20:19:33 - 1 - Website: OKAY