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ProSiebenSat.1 Media SE

euro adhoc: ProSiebenSat.1 Media AG
Quarterly or Semiannual Financial Statements
DISCLOSURE UNDER SEC. 15 OF THE GERMAN SECURITIES TRADING ACT ProSiebenSat.1-Gruppe Still Contending with Advertising Crisis Nine-Month Report: TV company generates EBIT

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Munich, November 7, 2002. The continuing recession in the television
advertising market has again had a substantial impact on the business
performance of the ProSiebenSat.1 Group in the third quarter of 2002.
Nevertheless, the Group was able to improve its total third-quarter
pre-tax earnings by EUR 0.9 million, to EUR -53.6 million. Yet
revenues, at EUR 351.1 million between July and September, were down
EUR 40.0 million against the same period of 2001. This amounts to a
10% decline. In the seasonal television business, the three summer
months - July, August and September - are traditionally by far the
weakest quarter.
The advertising crisis lowered revenues for the ProSiebenSat.1 Group
by EUR 82.3 million between January and September of this year, to
EUR 1.336 billion. This is equivalent to a 6% decline from the year
before, even though the company has expanded its gross advertising
market share 0.4 percentage points, to 45.9%. The ProSiebenSat.1
Group’s EBITDA declined from EUR 113.5 million to EUR 47.9 million.
EBIT was EUR 9.4 million, compared to EUR 67.1 million. Pre-tax
result for the Group amounted to EUR -28.3 million, following on EUR
+34.6 million the year before. DVFA/SG earnings per share were down
to EUR -0.35 from the comparable period’s EUR 0.06. Cash flow
calculated by DVFA/SG methods amounted to EUR 773.7 million,
following EUR 844.3 million. Compared to September 30, 2001, net
financial debt declined EUR 50.9 million, to EUR 946.8 million.
end of announcement        euro adhoc 07.11.2002

Contact:

Branche: Media
ISIN: DE0007771172
WKN: 777117
Index: MDAX
Börsen: Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade
Hamburger Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Frankfurter Wertpapierbörse / official dealing

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