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RTL Group, the leading European entertainment network, announces its interim results to 30 June 2009.
Tough economic environment in the first half of 2009
- Reported Group revenue down 9.6 per cent to EUR 2,588 million as TV advertising markets across Europe declined by double-digit rates; RTL Group’s investments in content production and diversification businesses helped to better balance its financial position
- Reported EBITA down 36.7 per cent to EUR 318 million due to lower profit contributions from most profit centres, higher start-up losses (EUR 35 million) which mainly resulted from the first-time full consolidation of Alpha Media Group in Greece, and significant one-time charges including restructuring costs in the UK, Germany and Greece totalling EUR...
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