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MFEB Mfe-mediaforeurope NV News Story

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Brief: MFE 9M EBIT EUR 61.3 Mln

Nov 20 (Reuters) - MFE-MEDIAFOREUROPE NV MFEB.MI:

9M NET PROFIT EUR 243.1 MILLION

9M CONSOLIDATED NET REVENUE EUR 1.94 BILLION

9M EBIT EUR  61.3  MILLION

CEO: “DESPITE A VERY COMPLEX TV MARKET IN SPAIN, IMPACT OF PROSIEBENSAT.1'S FINANCIALS, MFE CONTINUES TO GROW BEYOND EXPECTATIONS”

SEES ADVERTISING REVENUES AT END OF YEAR IN LINE WITH FIRST NINE MONTHS, ON A LIKE-FOR-LIKE BASIS, WITH POSITIVE TREND IN ITALY AND CONTINUED DECLINE IN SPAIN

CONFIRMS ITS ANNUAL TARGET OF ACHIEVING A POSITIVE CONSOLIDATED OPERATING RESULT, NET RESULT AND FREE CASH FLOW

9M GROSS ADVERTISING REVENUE IN ITALY EUR 1.43 BILLION

9M NET FREE CASH FLOW EUR 348.9 MILLION

NET FINANCIAL DEBT ON LIKE-FOR-LIKE BASIS AT SEPT-END EUR 565 MILLION

Further company coverage: MFEB.MI

 (Reporting by Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))

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