Full Year 2024 RTL Group SA Earnings Call Transcript
Key Points
- RTL Group SA (RGLXF) demonstrated resilience and achieved solid results in 2024 despite a challenging market environment, particularly in Germany.
- Streaming services continued to grow dynamically, with a 42% increase in streaming revenue and a significant reduction in start-up losses.
- The German family of TV channels increased its audience lead over competitors and maintained stable TV advertising revenue across the group.
- Fremantle, the global content business, reached a record result in 2024 with significant overhead reductions and improved operating margins.
- Strong cash flows enabled RTL Group SA (RGLXF) to propose an attractive dividend of EUR2.50 per share, representing an 83% payout ratio.
- The TV advertising markets in key territories like Germany and France were slightly down or flat, impacting overall revenue growth.
- Adjusted EBITA decreased to EUR722 million, mainly due to lower profit contributions from Groupe M6.
- The international market for content production was impacted by the 2023 US strikes and budget cuts from streaming services.
- The geopolitical and macroeconomic environment remains volatile, making the impact on RTL Group SA (RGLXF)'s business hard to predict.
- The planned sale of RTL Nederland is still under investigation by the Dutch Competition Authority, delaying the transaction closure.
Yeah. Thank you. Good morning, everyone, and thank you for joining our analyst call for RTL Group's full year results 2024. The speakers for today's presentation are Thomas Rabe, the Group's CEO; Elmar Heggen, our Deputy CEO and COO; Björn Bauer, our CFO; and Stephan Schmitter, the CEO of RTL Deutschland.
Our management team will first guide you through the presentation. Afterwards, we will take your questions. The presentation for this call is available on our corporate website, rtl.com, following the link included in our press release under Download. The agenda on slide 2 shows the areas our management team will cover today.
And with this, over to you, Thomas.
Yeah. Thank you, Oliver, and good morning, everyone. Thank you for taking the time to join us on this call. Today, we'll take you through our full year
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