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ProSiebenSat.1 Group's Revenues and Earnings Grow in Q1 2007

Geschrieben am 09-05-2007

Munich (ots) -
- Consolidated revenues up 7.7 percent to EUR 501.2 million
- EBITDA up 16.1 percent to EUR 82.0 million
- Pre-tax profit up 34.7 percent to EUR 67.5 million
- Consolidated profit up 32.2 percent to EUR 40.6 million
- Growth driven by higher TV advertising revenues and new business
models
- Positive outlook for fiscal 2007

The ProSiebenSat.1 Group got fiscal 2007 off to a successful start
with a vigorous rise in revenues. Consolidated revenues grew 7.7
percent in the first quarter, to EUR 501.2 million. All segments
contributed to this growth. The pre-tax profit was up 34.7 percent,
to EUR 67.5 million. EBITDA grew 16.1 percent, to EUR 82.0 million,
pushing the EBITDA margin up to 16.4 percent (Q1 2006: 15.2 percent).
The pre-tax profit margin climbed to 13.5 percent (Q1 2006: 10.8
percent). The consolidated profit grew 32.2 percent, to EUR 40.6
million. Earnings per share of preferred stock came to EUR 0.19 (Q1
2006: EUR 0.14).

"The ProSiebenSat.1 Group got off to a good start this year. We
saw growth in both our core business in Free TV and our new
operations," said Guillaume de Posch, CEO of ProSiebenSat.1 Media AG.
"We are confident that our stations' programming will pick up further
strength, while we continue to build up our diversification and
online initiatives."

The profitable growth of the ProSiebenSat.1 Group was driven
primarily by higher advertising revenues in the corporation's core
business, Free TV. The Diversification unit saw growth primarily in
its online, pay TV and video-on- demand operations. Apart from
organic growth, this unit was further strengthened by its equity
investment in the Internet company solute GmbH. External revenues in
the advertising-financed TV segment grew 5.9 percent, to EUR 438.6
million (Q1 2006: EUR 414.0 million). External revenues in the two
segments of the Diversification unit, Transaction TV and Other
Diversification, grew 22.0 percent. Together, the two segments
contributed EUR 62.6 million to Group revenues, equivalent to a 12.5
percent share. In the first quarter of 2006, the Diversification
unit's contribution was 11.0 percent, or EUR 51.3 million.

Group profitability rises The consolidated pre-tax profit grew
34.7 percent in the first quarter, to EUR 67.5 million. This
significant rise is a result of both the substantial increase in
revenues and the improvement in the financial result. The
consolidated net profit for the period was also up significantly. The
consolidated profit grew 32.2 percent to EUR 40.6 million. As a
consequence, earnings per preferred share improved from EUR 0.14 to
EUR 0.19. Earnings per common share were also EUR 0.19 (Q1 2006: EUR
0.14). The pre-tax profit margin grew 2.7 percentage points to 13.5
percent (Q1 2006: 10.8 percent).

The Group's total costs for the first quarter of 2007 grew 6.2
percent, to EUR 432.2 million. The higher operating costs resulted in
part from an increase in personnel expenses, and in part from higher
expenses for programming and materials, which are likewise included
in cost of sales, selling expenses and administrative expenses.

Higher advertising revenues push up revenues in Free TV core
business Both revenues and earnings performed very well in the Free
TV segment in the first quarter of 2007. Significantly higher
advertising revenues provided the main impetus for growth. In the
first three months of the year, external revenues grew 5.9 percent,
to EUR 438.6 million. The segment's total revenues gained 7.4
percent, to reach EUR 456.4 million. The operating profit came to EUR
63.3 million, 27.9 percent above the prior year's level. Although
costs were up slightly, EBITDA also grew more than proportionately to
reach EUR 70.6 million - up 25.8 percent from a year earlier. Higher
expenses for programming and materials and higher personnel expenses
were responsible for the moderate increase in costs.

Sat.1 revenues and profitability rise Revenues rose further at
Sat.1 in the first quarter of 2007, leading to a significant increase
in profits. The station's revenues grew 5.2 percent in the first
quarter, to EUR 204.2 million. The increase resulted in part from
higher advertising revenues, and in part from higher proceeds from
internal programming sales. The pre-tax profit grew 34.5 percent, to
EUR 44.1 million. EBITDA came to EUR 42.8 million, 27.4 percent above
last year's equivalent. Sat.1 management is working on a variety of
new formats to strengthen the station's ratings that weakened in Q1
versus Q1 last year.

Revenues up significantly at ProSieben ProSieben got off to a good
start in the new fiscal year. The station's revenues grew further in
the first quarter, while they were still declining in the first
quarter of 2006. Better programming performance and larger audience
shares brought a significant increase in advertising revenues during
the period. A slight rise in proceeds from internal programming sales
also helped increase revenues. In all, ProSieben recorded revenue
growth of 9.3 percent, to EUR 170.6 million. Pre-tax profit and
EBITDA were both down from a year earlier, because of higher costs
for programming and materials. The pre-tax profit was EUR 6.5 million
(Q1 2006: EUR 7.4 million). EBITDA reached EUR 6.3 million (Q1 2006:
EUR 6.9 million).

Growth course continues at kabel eins Profitable growth continued
in the new year at kabel eins. During the first quarter of 2007 the
station's revenues climbed to EUR 64.1 million. Almost all of the
14.9 percent gain in revenues came from the station's higher
advertising revenues. The substantial increase in revenues also had a
positive effect on earnings. The pre-tax profit grew 73.0 percent in
the first quarter, to EUR 19.9 million. EBITDA rose at a comparable
rate against the prior-year quarter, to reach EUR 19.7 million, a
72.8 percent gain.

N24 continues successful course News station N24 closed out the
first quarter quite successfully. A significant increase in TV
advertising revenues underscored the station's position as Germany's
leading news channel. Total revenues increased 12.8 percent against
the same quarter last year, to EUR 22.9 million. The pre-tax profit
was EUR 3.5 million - up 84.2 percent from a year earlier. The
vigorous improvement in earnings came from the rapid growth in the
station's revenues, which also had a positive influence on EBITDA.
EBITDA increased 70.0 percent, to EUR 3.4 million.

Revenues rise in Transaction TV segment The revenue driver in the
Transaction TV segment is 9Live, Germany's leading channel for
interactive programming. In call TV, its core business, the quiz
station generates revenues primarily through telephone calls. As part
of the repositioning of 9Live as the Group's central service provider
for telephone- based and interactive applications, the iTV unit has
been reported as a part of the Transaction TV segment since January
1, 2007, whereas it was formerly under SevenOne Intermedia. Pooling
interactive operations at 9Live allows the Group to take advantage of
extensive synergies. It also allows the Group to profit from the
station's skills, and emphasizes the importance the Group attaches to
developing the content and techniques of interactive services.

The segment's external revenues grew 5.0 percent in the first
quarter, to EUR 27.1 million. The segment's total revenues gained 5.7
percent, to reach EUR 27.7 million. The operating profit was down
25.4 percent against the same quarter last year, to EUR 5.0 million.
EBITDA was EUR 6.9 million, down 21.6 percent from the equivalent
figure last year. Most of the decline in profits came from a rise in
expenses for programming and materials against the first quarter of
2006. The reorganisation of the Diversification unit at the beginning
of the year caused these expenses to rise.

Online and digital services propel Other Diversification segment
The Other Diversification segment's external revenues rose a
substantial 39.6 percent for the first quarter, to EUR 35.6 million.
The segment's total revenues were up 21.6 percent, to EUR 37.1
million. The principal growth drivers were the online and gaming
business and international programming sales. The Group also enjoyed
successes in its music operations. Additionally, the video- on-demand
and pay TV services that were launched last year have become
important revenue sources. In addition to organic growth, the full
consolidation of solute GmbH since February 2007 has also had
positive effects on revenue performance. solute operates billiger.de,
the second-largest online price search engine in Germany.

Profits for the Diversification unit were significantly affected
by investing activities. The operating profit was down 27.5 percent
to EUR 3.7 million, while EBITDA declined 22.0 percent to EUR 4.6
million. This was primarily the consequence of substantial capital
investments to expand the activities of SevenSenses. SevenSenses
began operation last year, and is in charge of such businesses as the
two pay TV stations kabel eins classics and Sat.1 Comedy, as well as
the maxdome video-on-demand portal.

Outlook for 2007 remains positive The economic research institutes
project that the upswing in the German economy will continue this
year. The improvement is also likely to have positive repercussions
on the advertising market. The ProSiebenSat.1 Group continues to
assume that the German TV advertising market will show net growth of
2 to 3 percent. The Group assumes that its advertising revenues will
grow slightly faster than that in fiscal 2007, provided that the
Group's stations reach the projected audience shares. Additionally,
the expansion of activities in the Diversification unit will have a
positive impact on the Group's revenues and earnings. The Group will
continue its disciplined cost management and expects operational
costs to rise by a low single digit percentage on a full year basis.
Given these conditions, the ProSiebenSat.1 Group expects revenues and
earnings, as well as its profitability, to grow further in fiscal
2007.

You can find the income statement, balance sheet, cash flow
statement, and statement of changes in equity, as well as the segment
report, online on our website at:
http://en.prosiebensat1.com/investor-relations/finanzberichte/

Originaltext: ProSiebenSat.1 Media AG
digital press kits: http://presseportal.de/story.htx?firmaid=21767
press kits via RSS: feed://presseportal.de/rss/pm_21767.rss2
ISIN: DE0007771172

Contact:
Katja Pichler
Corporate Spokesperson
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Ph. +49 [89] 95 07-11 80
Fax +49 [89] 95 07-11 84
E-mail: Katja.Pichler@ProSiebenSat1.com
Press release online: www.ProSiebenSat1.com


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