ProSiebenSat.1 sells Verivox to Moltiply
|
EQS-Ad-hoc: ProSiebenSat.1 Media SE / Key word(s): Disposal/Investment Unterföhring, March 21, 2025. ProSiebenSat.1 today signed a binding agreement with a subsidiary of Moltiply Group S.p.A. for the sale of Verivox which is expected to close still today. The sale is based on an equity value of approx. EUR 232 million for Verivox. Additionally, the agreement includes an earn-out component of up to a further EUR 60 million (of which up to EUR 43 million is attributable to ProSiebenSat.1) which depends on reaching certain earnings targets in the 2025 financial year. The Verivox sale and the expected cash inflows from the sale of two minority stakes from the SevenVentures portfolio will reduce ProSiebenSat.1's net financial debt by more than EUR 250 million – even excluding the earn-out component – and reduce the pro forma leverage ratio to slightly above 2.4x in 2024. ProSiebenSat.1 today also entered into a binding agreement with General Atlantic on the acquisition of its minority stakes in NuCom Group (excluding flaconi) and ParshipMeet Group announced yesterday which paved the way for the sale of Verivox. As a consequence of the sale of Verivox, ProSiebenSat.1 adjusts its 2025 financial outlook. ProSiebenSat.1 now aims for Group revenues of around EUR 3.85 billion in financial year 2025, with a variance of plus/minus EUR 150 million (previous year: EUR 3.92 billion). In terms of adjusted EBITDA, the Group anticipates an amount of EUR 520 million with a variance of plus/minus EUR 50 million (previous year: EUR 557 million). The Group’s adjusted net income will reflect the development of adjusted EBITDA and is expected to amount to around EUR 215 million in financial year 2025. Prior to the adjustment, the 2025 financial outlook included Group revenues of around EUR 4.00 billion with a variance of plus/minus EUR 150 million, an adjusted EBITDA of EUR 550 million with a variance of plus/minus EUR 50 million and an adjusted net income of around EUR 225 million. The Group continues to target a financial leverage ratio of between 2.5x and 3.0x at the end of 2025 (previous year: 2.7x). This considers both the reduced adjusted EBITDA and the reduction in net financial debt due to the sale of Verivox. The adjustment of the outlook reflects ProSiebenSat.1’s cautious approach in navigating the current economic landscape while continuing to invest in key growth areas such as digital Entertainment and local content. Note: The key figures "adjusted EBITDA" (EBITDA adjusted for reconciling items) and "adjusted net income" (group net income adjusted for reconciling items) are not key figures in accordance with IFRS. Information on the definition of "adjusted EBITDA" and "adjusted net income" can be found in the Annual Report 2024 of ProSiebenSat.1 Media SE on p. 91 and p. 92. Contact: Stefanie Rupp-Menedetter Head of Group Communications & Events ProSiebenSat.1 Media SE Medienallee 7 · D-85774 Unterföhring Tel. +49 89 950 725 98 Mobil +49 17 283 527 03 Stefanie.Rupp@prosiebensat1.com End of Inside Information
21-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ProSiebenSat.1 Media SE |
| Medienallee 7 | |
| 85774 Unterföhring | |
| Germany | |
| Phone: | +49 (0)89 9507-1463 |
| Fax: | +49 (0)89 9507-91463 |
| E-mail: | Dirk.Voigtlaender@ProSiebenSat1.com |
| Internet: | www.prosiebensat1.com |
| ISIN: | DE000PSM7770 |
| WKN: | 777117 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 2104558 |
| End of Announcement | EQS News Service |
|
|
2104558 21-March-2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.