Pro7’s preliminary results beat expectations

Better-than-expected advertising revenues in the fourth quarter lifted full year results at German-based broadcasting group ProSiebenSat1.

The company increased annual EBITDA profit by 3.3%, taking the total €696.5m while revenues decreased to €2.8bn from €3.1bn a year earlier. The company was carrying €3.3bn of debt at end-2009.

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