Key figures 2018

KEY FIGURES OF PROSIEBENSAT.1 GROUP in EUR m
	2018	2017
Revenues	4,009	4,078
Revenue margin before income taxes (in %)	8.6	15.8
Total costs	3,710	3,590
Operating costs¹	3,027	3,053
Consumption of programming assets	1,319	1,145
Adjusted EBITDA²	1,013	1,050
Adjusted EBITDA margin (in %)	25.3	25.8
EBITDA	570	1,084
Reconciling items³	– 443	34
Operating result (EBIT)	348	820
Financial result	– 4	– 174
Result before income taxes	344	646
Net result attributable to shareholders of ProSiebenSat.1 Media SE	248	471
Adjusted net income⁴	541	550
Adjusted earnings per share (in EUR)	2.36	2.40⁵
Payments for the acquisition of programming assets	1,070	1,048
Free cash flow	– 78	728
Cash flow from investing activities	– 468	– 894
Free cash flow before M&A	244	468

KEY FIGURES OF PROSIEBENSAT.1 GROUP – SEGMENTS in EUR m

12/31/2018

12/31/2017

¹	Total costs excl. expense adjustments, depreciation, amortization and impairments.
²	EBITDA before reconciling items.
³	Expense adjustments less income adjustments.
⁴	Net result attributable to shareholders of ProSiebenSat.1 Media SE before the amortization and impairments from purchase price allocations, adjusted for the reconciling items. These include valuation effects recognized in other financial result, valuation effects of put-options and earn-out liabilities, as well as valuation effects from interest rate hedging transactions. Moreover, the tax effects resulting from such adjustments are also adjusted.
⁵	Calculated on the basis of the volume weighted average number of shares for the financial year 2017 of 228.9 million; taking into account the shares carrying dividend rights at the reporting date, the economic underlying earnings per share amount to EUR 2.40.
⁶	Ratio net financial debt to adjusted EBITDA in the last twelve months.
⁷	After reclassification of cash and cash equivalents of Tropo.
⁸	Full-time equivalent positions as of reporting date.

Programming assets

1,113

1,198

Equity

1,070

1,252

Equity ratio (in %)

16.5

19.1

Cash and cash equivalents

1,031

1,552

Financial debt

3,194

3,185

Leverage ratio⁶

2.1

1.6⁷

Net financial debt

2,163

1,632⁷

Employees⁸

6,583

6,483