Annual Report 2023

Group Key Figures: Multi-Year Overview

in EUR m

2023

2022

20211

2020

2019

Revenues

3,852

4,163

4,495

4,047

4,135

Adjusted EBITDA2

578

678

841

706

872

EBITDA

140

666

803

801

838

Operating result (EBIT)

–87

236

552

553

578

Result before income taxes

–164

97

614

370

572

Net income attributable to shareholders of ProSiebenSat.1 Media SE

–124

5

456

267

413

Adjusted net income3

225

301

365

221

387

Adjusted earnings per share (in EUR)

0.99

1.33

1.61

0.98

1.71

Adjusted operating free cash flow4

260

492

599

424

Free cash flow

116

388

289

120

207

 

in EUR m

12/31/2023

12/31/2022

12/31/20211

12/31/2020

12/31/2019

Employees5

7,188

7,284

7,906

7,307

7,253

Programming assets

864

1,086

1,145

1,213

1,204

Equity

1,580

1,774

1,968

1,687

1,288

Equity ratio (in %)

26.8

29.5

29.6

23.8

19.5

Cash and cash equivalents

573

504

594

1,224

950

Financial debt

2,119

2,117

2,446

3,192

3,195

Net financial debt

1,546

1,613

1,852

1,968

2,245

Leverage ratio6

2.7

2.4

2.2

2.8

2.6

1

Figures partly adjusted as described in Annual Report 2022, Notes to Consolidated Financial Statements, note 3 “Changes in reporting standards and accounting policies”.

2

EBITDA before reconciling items.

3

Net income attributable to shareholders of ProSiebenSat.1 Media SE before the amortization and impairments from purchase price allocations as well as impairments of goodwill, adjusted for the reconciling items. These include valuation effects recognized in other financial result, valuation effects of put option and earn-out liabilities, valuation effects from interest rate hedging transactions as well as other material one-time items. Moreover, the tax effects resulting from such adjustments are also adjusted. See Group Management Report, chapter “Planning and Management”.

4

As of financial year 2021, ProSiebenSat.1 Group has introduced the “adjusted operating free cash flow” among others as the most significant financial performance indicator. For the definition, please refer to the Group Management Report, chapter “Planning and Management”. Prior-year figures were not determined up to financial year 2020.

5

Full-time equivalent positions as of reporting date.

6

Ratio net financial debt to adjusted EBITDA in the last twelve months.

Segment Key Figures: Multi-Year Overview

in EUR m

2023

2022

20211

Entertainment

 

 

 

External revenues

2,574

2,888

3,098

Adjusted EBITDA2

473

563

698

 

 

 

 

Commerce & Ventures

 

 

 

External revenues

844

757

855

Adjusted EBITDA2

59

41

51

 

 

 

 

Dating & Video

 

 

 

External revenues

434

518

542

Adjusted EBITDA2

72

99

119

 

 

 

 

Reconciliation (Holding & other)

 

 

 

Adjusted EBITDA2

–27

–25

–26

1

Figures partly adjusted as described in Annual Report 2022, Notes to Consolidated Financial Statements, note 3 “Changes in reporting standards and accounting policies”.

2

EBITDA before reconciling items.

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