Munich, April 29, 2010. The ProSiebenSat.1 Group has increased its recurring EBITDA for the first quarter of 2010 (operating earnings before non-recurring effects) to EUR 128.6 million. This is equivalent to growth of EUR 34.8 million, or 37.1 percent, compared to the same quarter last year. Thus the ProSiebenSat.1 Group exceeded market expectations. The net income for the period (after taxes and non-controlling interests) was also above expectations, increasing to EUR 21.2 million (Q1 2009: EUR –1.7 million). 
 
This positive performance particularly resulted form higher TV advertising revenues in the Group’s core market Germany. External revenues at the German-speaking Free TV segment (Germany, Austria, Switzerland) gained a total of EUR 27.9 million, or 7.2 percent, to reach EUR 416.7 million. The International Free TV segment’s contribution to revenues rose to EUR 160.8 million for Q1 2010 – an increase of EUR 6.9 million, or 4.5 percent, against last year – primarily as a result of higher distribution income. 
 
The Group’s total revenues were up EUR 31.4 million, or 5.0 percent, to EUR 658.4 million. Recurring costs for the period were in line with last year’s level, at EUR 532.2 million (Q1 2009: EUR 536.3 million).
 
Net financial debt at the end of the quarter, at EUR 3.431 billion, was down EUR 81 million from the comparable figure from last year (March 31, 2009: EUR 3.512 billion). 
 

The ProSiebenSat.1 Group will release its full interim financial report for the quarter ending March 31, 2010, on May 6,