Financial Roundup: Major Marketers, Agencies, Media

13 August 2004

Europe (calendar Q2)

  • Axel Springer
       The media group, Europe's largest newspaper publisher and proprietor of Germany's best-selling daily tabloid Bild, achieved a 12% increase in EBITDA (earnings before interest, tax, depreciation and amortization) to €68.3 million ($83.48m; £45.67m) as sales nudged up 1.5% to €622.2m.
        The core newspaper business was the group's main growth engine, with price rises and increased advertising from discount retailers, in particular, helping Bild to "an extraordinary increase in advertising revenues", according to Springer. The newspaper has a daily circulation of 3.8m.

    Germany (calendar H1)
  • Deutsche Telekom
       Europe's top phone carrier doubled its H1 net profit to €2.5 billion ($3.055bn; £1.67bn), after posting 4% growth in core earnings, helped by its booming mobile unit.
        EBITDA (earnings before interest, tax, depreciation and amortization) met expectations at €4.783bn, after adjustment for special items.
        Second quarter sales rose 6% above forecast, to €14.4bn, while net profit, boosted by an asset sale and a gain from the write-up of US mobile phone licences, rose to €1.7bn, up year-on-year from €256m.

    Global (fiscal Q4)
  • News Corporation
       "An outstanding year" was enjoyed by the media giant, according to chairman and controlling shareholder Rupert Murdoch. The company unveiled net profits of $399m (€326.46m; £218.27m), up year-on-year from $370m and capping a year that saw net profits soar 57.5% to $1.65 billion on sales of $20.96bn.
        Main profit drivers were TV operating profits at Fox, up 20.6% to $351m, and strong advertising revenues - especially at NewsCorp's daily UK tabloid The Sun.
        The only hint of rain on the Murdoch parade is a disappointing performance by UK satellite broadcaster BSkyB which reported a slowdown in subscriber growth, even while enjoying a 75% rise in full-year post-tax profits.
    Europe (calendar H1)
  • T-Online
       Europe's largest internet service provider beat expectations with a 62% increase in EBITDA (earnings before interest, tax, depreciation and amortization) to €130.6 million ($159.62m; £87.32m) -- despite market worries that cutthroat competition in its German backyard would dent the bottom line.
        Majority owned by Deutsche Telekom, the ISP signalled lower than forecast full-year sales growth and said EBITDA would be about €450m.

    Data sourced from multiple origins; additional content by WARC staff