Further good news came in a major decrease in net debt, down from 1.78B in Q3 to 1.55B.
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Revenues for Q4 were largely flat at 1.28B, compared with 1.27B.
Group revenues for the full 2023 were 3.85B, compared with 4.16B in 2022.
ProSiebenSat.1 officesMatthias Balk/picture alliance via Getty Images
Earning for the year are also expected to be down 100M at 578M.
We ended 2023 on a good note, said Martin Mildner, Group CFO of ProSiebenSat.1 Media.
At the same time, our cost measures are taking effect, which strengthens our profitability.
This gives us confidence for 2024, even if the economic environment remains challenging.
ProSiebenSat.1 will publish its full financial outlook for the financial year 2024 on March 7.
