ProSiebenSat.1’s sales in the third quarter exceeded the consensus. The media group reports 921 million euros, the market had expected 887 million euros. The situation is similar for adjusted EBITDA. Here ProSiebenSat.1 comes to 149 million euros instead of the expected 128 million euros. The advertising market obviously recovered in the third quarter. The consolidation of the MeetParship group also contributes to the figures.
ProSiebenSat.1 dares to make a forecast for the full year. Accordingly, there should be a turnover of 3.85 billion euros to 3.95 billion euros. ProSiebenSat.1 forecasts adjusted EBITDA at between EUR 600 million and EUR 650 million.
The analysts at DZ Bank call the figures for the third quarter strong. The forecast also largely meets the expectations of the market.
The experts therefore continue to recommend the shares of ProSiebenSat.1 to buy. The price target is EUR 12.70.
The shares of ProSiebenSat.1 gain 13.2 percent to 11.295 euros.