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| 13.08.25 04:18:32 |
RTL Group Erste Hälfte 2025 Ergebnis: 0,14 € Verlust pro Aktie (vs €0,45 Gewinn in 1H 2024) |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Okay, here’s a summary of the RTL Group’s First Half 2025 results, along with a German translation, within the 400-word limit:
**Summary (English)**
RTL Group (ETR:RRTL) reported a challenging first half of 2025, with revenue declining by 3.2% to €2.78 billion – a decrease from the prior period. This resulted in a net loss of €22.0 million, significantly down from a €69.0 million profit in the first half of 2024. Consequently, the company experienced a loss per share of €0.14, reversing a profit of €0.45.
Despite this negative performance, the outlook is cautiously optimistic. Revenue is projected to grow at an average of 4.0% per annum over the next three years, slightly below the German Media industry’s predicted growth of 4.4%. RTL Group's share price has seen a modest increase of 2.6% over the past week.
However, investors should consider potential risks. The article highlights two warning signs for RTL Group that require careful attention.
It’s important to note that this analysis is based on historical data and analyst forecasts, and not a recommendation to buy or sell shares. Simply Wall St emphasizes a long-term, fundamentally-driven approach, acknowledging that this analysis doesn’t include the most recent, potentially price-sensitive company announcements.
**German Translation**
**RTL Group’s Ergebnisse für die erste Hälfte 2025 – Erkennen Sie Ihren Wert**
**Wesentliche Finanzdaten**
Umsatz: 2,78 Mrd. € (um 3,2 % gegenüber dem ersten Halbjahr 2024) Nettoverlust: 22,0 Mio. € (um 132 % gegenüber dem Gewinn von 69,0 Mio. € im ersten Halbjahr 2024). Verlust pro Aktie: 0,14 € (gegenüber Gewinn von 0,45 € im ersten Halbjahr 2024).
Diese Technologie könnte Computer ersetzen: Entdecken Sie die 20 Aktien, die daran arbeiten, Quantencomputing Realität werden zu lassen.
**RTL Group Ergebnisinformationen**
Mit Blick nach vorn wird erwartet, dass der Umsatz im Durchschnitt um 4,0 % jährlich über die nächsten drei Jahre wächst, verglichen mit der prognostizierten Wachstumsrate der deutschen Medienindustrie von 4,4 %.
Leistung der deutschen Medienindustrie.
Die Aktien des Unternehmens sind seit einer Woche um 2,6 % gestiegen.
**Risikoanalyse**
Denken Sie immer an Risiken. Als Beispiel haben wir zwei Warnsignale für RTL Group festgestellt, auf die Sie achten sollten.
Haben Sie Feedback zu diesem Artikel? Besorgt über den Inhalt? Nehmen Sie Kontakt mit uns direkt auf. Alternativ können Sie uns per E-Mail an editorial-team (at) simplywallst.com kontaktieren.
Dieser Artikel von Simply Wall St ist allgemeiner Natur. Wir geben Kommentare auf der Grundlage historischer Daten und Analystenprognosen ab, wobei wir eine unvoreingenommene Methodik verwenden. Unsere Artikel sind nicht dazu gedacht, Finanzberatung zu geben, stellen aber keine Empfehlung zum Kauf oder Verkauf von Aktien dar und berücksichtigen Ihre Ziele oder Ihre finanzielle Situation nicht. Wir haben das Ziel, Ihnen eine langfristig ausgerichtete Analyse auf der Grundlage von fundamentalen Daten zu bieten. Unsere Analyse berücksichtigt möglicherweise nicht die neuesten, preisempfindlichen Unternehmensankündigungen oder qualitative Informationen. Simply Wall St hält keine Position in den genannten Aktien.
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Would you like me to translate anything in particular, or perhaps focus on a specific aspect of the report? |
| 24.07.25 12:51:40 |
Investoren in RTL Group (ETR:RRTL) haben in den letzten fünf Jahren günstige Renditen von 70% gesehen |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Passive Investitionen in Indexfonds können Renditen generieren, die etwa dem Gesamtmarkt entsprechen. Aber Sie können viel besser als das tun, indem Sie gute Qualität Unternehmen für attraktive Preise kaufen. So beträgt der RTL Group S.A. (ETR:RRTL) Aktienkurs in den letzten fünf Jahren um 18 %, etwas über der Marktrendite. Positiv ist auch die Preiserhöhung um 16 % gegenüber dem Vorjahr.
Lassen Sie uns also untersuchen und sehen, ob die langfristige Leistung des Unternehmens im Einklang mit dem Fortschritt des zugrunde liegenden Unternehmens steht.
Diese Technologie könnte Computer ersetzen: Entdecken Sie die 20 Aktien arbeiten, um Quanten-Computing Realität zu machen.
Um Buffett zu zitieren, 'Ships werden um die Welt segeln, aber die Flat Earth Society wird florieren. Es wird weiterhin große Diskrepanzen zwischen Preis und Wert am Markt geben...' Eine unvollkommene, aber einfache Möglichkeit, zu prüfen, wie sich die Marktwahrnehmung eines Unternehmens verändert hat, ist, die Veränderung des Gewinns pro Aktie (EPS) mit der Aktienkursbewegung zu vergleichen.
Das Ergebnis pro Aktie der RTL Group liegt trotz einer starken Aktienkursentwicklung über fünf Jahre um 15% pro Jahr.
Da die EPS stark rückläufig sind, scheint es sehr unwahrscheinlich, dass die Marktteilnehmer EPS auf den Wert des Unternehmens achten. Das fallende EPS korreliert nicht mit dem Anstiegs-Aktiepreis, also lohnt es sich, sich andere Metriken anzusehen.
Tatsächlich hat sich die Dividende im Laufe der Zeit erhöht, was positiv ist. Es könnte sein, dass das Unternehmen Reife erreicht und Dividendeninvestoren für die Rendite kaufen.
Der Umsatz und das Ergebnis des Unternehmens (über die Zeit) sind im Bild unten dargestellt (klicken Sie auf die genauen Zahlen). XTRA:RRTL Ergebnis- und Umsatzwachstum 24. Juli 2025
Wir freuen uns, Ihnen mitteilen zu können, dass der CEO bescheidener als die meisten CEOs in ähnlich kapitalisierten Unternehmen vergütet wird. Aber während die Vorstandsvergütung immer eine Überprüfung wert ist, ist die wirklich wichtige Frage, ob das Unternehmen das Ergebnis voranbringen kann. Dieser kostenlose Bericht, der Analyseprognosen zeigt, sollte Ihnen helfen, einen Blick auf RTL Group zu bilden
Was ist mit Dividends?
Es ist wichtig, die Gesamt-Aktionärs-Rendite sowie die Aktien-Preis-Rendite für jeden gegebenen Bestand zu berücksichtigen. Die TSR ist eine Rückzahlungsberechnung, die den Wert von Barausschüttungen (unter der Annahme, dass die empfangene Dividende reinvestiert wurde) und den berechneten Wert aller ermäßigten Kapitalerhöhungen und Spin-offs ausmacht. Wahrscheinlich gibt die TSR ein umfassenderes Bild der von einem Bestand generierten Rendite. Im Fall der RTL-Gruppe hat sie einen TSR von 70% für die letzten 5 Jahre. Das übertrifft seine Aktienkurserklärung, die wir bereits erwähnt haben. Die vom Unternehmen gezahlten Dividenden haben somit die Gesamtaktionärsrendite erhöht.
Geschichte geht weiter
Eine andere Perspektive
Wir freuen uns, Ihnen mitteilen zu können, dass die Aktionäre der RTL Group eine Gesamtaktionärsrendite von 25% über ein Jahr erhalten haben. Das ist auch die Dividende. Da der einjährige TSR besser ist als der fünfjährige TSR (letztere kommt mit 11% pro Jahr), scheint es, dass sich die Leistung der Aktie in letzter Zeit verbessert hat. Im besten Fall kann dies auf eine echte Geschäftsdynamik hinweisen, was bedeutet, dass jetzt eine große Zeit sein könnte, tiefer zu vertiefen. Es ist immer interessant, die Aktienkursleistung über die längere Laufzeit zu verfolgen. Aber um RTL Group besser zu verstehen, müssen wir viele andere Faktoren berücksichtigen. Zu diesem Zweck sollten Sie sich des 1 Warnzeichens bewusst sein, das wir mit RTL Group entdeckt haben.
Aber Anmerkung: RTL Gruppe kann nicht die beste Aktien zu kaufen. Nehmen Sie also einen Blick auf diese Freelist interessanter Unternehmen mit vergangenem Ergebniswachstum (und weitere Wachstumsprognose).
Bitte beachten Sie, dass die in diesem Artikel zitierten Marktrendite die gewogenen durchschnittlichen Aktienrendite widerspiegeln, die derzeit an deutschen Börsen gehandelt werden.
Haben Sie Feedback zu diesem Artikel? Über den Inhalt? Kontaktieren Sie uns direkt. Alternativ, E-Mail Editorial-team (at) einfachwallst.com.
Dieser Artikel von Simply Wall St ist allgemein in der Natur. Wir liefern Kommentare basierend auf historischen Daten und Analystenprognosen nur mit einer unvoreingenommenen Methodik und unsere Artikel sind nicht als Finanzberatung gedacht. Es stellt keine Empfehlung dar, Aktien zu kaufen oder zu verkaufen, und berücksichtigt nicht Ihre Ziele oder Ihre finanzielle Situation. Wir wollen Ihnen langfristig fokussierte Analysen, die durch grundlegende Daten getrieben werden, mitbringen. Beachten Sie, dass unsere Analyse möglicherweise nicht in den neuesten preisempfindlichen Unternehmensansagen oder qualitativen Material ausschlaggebend ist. Einfach Wand St hat keine Position in den genannten Beständen.
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| 27.06.25 11:22:00 |
Comcast Sells Sky Deutschland to RTL as Media Deals Pick Up in Europe |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The sale for up to $617 million comes as legacy companies shake up their portfolios in an attempt to adapt to the rise of streaming platforms.
Continue Reading |
| 27.03.25 01:00:25 |
RTL Group SA (RGLXF) (FY 2024) Earnings Call Highlights: Resilient Performance Amid Market ... |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Revenue: Slightly up to EUR6.25 billion in 2024. Streaming Revenue: Increased by 42% in 2024. Adjusted EBITA: Decreased to EUR722 million. Adjusted EBITDA: Fremantle's adjusted EBITDA increased to EUR260 million. Total Group Profit: EUR555 million, with EUR428 million from continuing operations. Earnings Per Share: EUR2.97 per share, stable versus prior year. Net Cash from Operating Activities: Increased by more than 40% to EUR761 million. Net Debt: EUR492 million, with a net debt to adjusted EBITDA ratio of approximately 0.4 times. Dividend Proposal: EUR2.50 per share for 2024, representing an 83% payout ratio. RTL Deutschland Revenue: Grew by 1.4% to EUR2.66 billion. Fremantle Revenue: Stable at EUR2.25 billion. Fremantle Adjusted EBITA: Increased to EUR171 million. Streaming Subscribers: RTL+ subscribers up 23% to almost 6.1 million. Operating Cash Conversion Rate: Improved to 102% from 68% in 2023.
Warning! GuruFocus has detected 10 Warning Signs with RGLXF.
Release Date: March 20, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
RTL Group SA (RGLXF) demonstrated resilience and achieved solid results in 2024 despite a challenging market environment, particularly in Germany. Streaming services continued to grow dynamically, with a 42% increase in streaming revenue and a significant reduction in start-up losses. The German family of TV channels increased its audience lead over competitors and maintained stable TV advertising revenue across the group. Fremantle, the global content business, reached a record result in 2024 with significant overhead reductions and improved operating margins. Strong cash flows enabled RTL Group SA (RGLXF) to propose an attractive dividend of EUR2.50 per share, representing an 83% payout ratio.
Negative Points
The TV advertising markets in key territories like Germany and France were slightly down or flat, impacting overall revenue growth. Adjusted EBITA decreased to EUR722 million, mainly due to lower profit contributions from Groupe M6. The international market for content production was impacted by the 2023 US strikes and budget cuts from streaming services. The geopolitical and macroeconomic environment remains volatile, making the impact on RTL Group SA (RGLXF)'s business hard to predict. The planned sale of RTL Nederland is still under investigation by the Dutch Competition Authority, delaying the transaction closure.
Q & A Highlights
Q: Can you provide insights into the first quarter TV advertising environment in Germany? A: Thomas Rabe, CEO, stated that the German TV advertising market was broadly stable in January and February, weaker in March due to Easter, and slightly stronger in April. RTL expects its advertising revenue to be flat for the full year, gaining market share despite a slightly down market.
Story Continues
Q: What is the rationale behind RTL Group's recent share purchases in M6? A: Thomas Rabe explained that the opportunity arose because M6's audience share dropped below 8%, allowing RTL to increase its shareholding above 50% without a takeover bid. This move is seen as a good investment due to the low share price and is intended to cement RTL's control position.
Q: Why is there a margin gap between Fremantle and other production companies like Banijay? A: Thomas Rabe noted that comparing margins is complex due to different accounting practices. Fremantle's EBITDA margin is 11.5%, and when adjusted for accounting differences, the margin gap with competitors is minimal. The exception is ITV Studios, which may have higher margins due to related party transactions.
Q: Could you provide updates on advertising trends in France, Hungary, and the Netherlands? A: Bjorn Bauer, CFO, mentioned that France is expected to have broadly stable advertising revenues in Q1, while Hungary is expected to see an increase. The Netherlands was not specifically addressed due to the ongoing sale process.
Q: Has the EUR3 billion revenue target for Fremantle been pushed back? A: Thomas Rabe confirmed the target has been delayed due to market dynamics and a selective approach to M&A. The focus has shifted to margin improvement, with AI expected to play a significant role in enhancing efficiency and profitability.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
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| 22.03.25 06:02:39 |
Can RTL Group S.A.'s (ETR:RRTL) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
RTL Group's (ETR:RRTL) stock is up by a considerable 34% over the past three months. However, in this article, we decided to focus on its weak fundamentals, as long-term financial performance of a business is what ultimately dictates market outcomes. Particularly, we will be paying attention to RTL Group's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
How Do You Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for RTL Group is:
8.2% = €428m ÷ €5.2b (Based on the trailing twelve months to December 2024).
The 'return' is the amount earned after tax over the last twelve months. That means that for every €1 worth of shareholders' equity, the company generated €0.08 in profit.
See our latest analysis for RTL Group
What Has ROE Got To Do With Earnings Growth?
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.
RTL Group's Earnings Growth And 8.2% ROE
On the face of it, RTL Group's ROE is not much to talk about. However, the fact that the company's ROE is higher than the average industry ROE of 5.9%, is definitely interesting. But seeing RTL Group's five year net income decline of 14% over the past five years, we might rethink that. Bear in mind, the company does have a slightly low ROE. It is just that the industry ROE is lower. Hence, this goes some way in explaining the shrinking earnings.
So, as a next step, we compared RTL Group's performance against the industry and were disappointed to discover that while the company has been shrinking its earnings, the industry has been growing its earnings at a rate of 0.9% over the last few years.XTRA:RRTL Past Earnings Growth March 22nd 2025
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. What is RRTL worth today? The intrinsic value infographic in our free research report helps visualize whether RRTL is currently mispriced by the market.
Story Continues
Is RTL Group Efficiently Re-investing Its Profits?
RTL Group's very high three-year median payout ratio of 102% over the last three years suggests that the company is paying its shareholders more than what it is earning and this explains the company's shrinking earnings. Its usually very hard to sustain dividend payments that are higher than reported profits.
Additionally, RTL Group has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 73% over the next three years. As a result, the expected drop in RTL Group's payout ratio explains the anticipated rise in the company's future ROE to 11%, over the same period.
Summary
Overall, we would be extremely cautious before making any decision on RTL Group. Its earnings growth particularly is not much to talk about even though it does have a pretty respectable ROE. The lack of growth can be blamed on its poor earnings retention. As discussed earlier, the company is retaining hardly any of its profits. Having said that, looking at current analyst estimates, we found that the company's earnings growth rate is expected to see a huge improvement. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 20.03.25 10:44:07 |
Trending tickers: Nvidia, Boeing, Nike, Shopify and Prudential |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Nvidia (NVDA)
Chipmaker Nvidia (NVDA) is planning to invest hundreds of billions of dollars in chips and other electronics made in the US over the next four years, according to a Financial Times report.
"I think we can easily see ourselves manufacturing several hundred billion of it here in the US," Jensen Huang, CEO of Nvidia, told the FT.
Nvidia's plans come as other tech companies look to onshore more of their business, as US president Donald Trump pushes ahead with trade tariff plans. TSMC (2330.TW, TSM), which manufactures chips designed by Nvidia, recently announced that it would invest $100bn (£77.3bn) in the US.
Read more: FTSE 100 LIVE: Stocks mixed as Bank of England expected to leave UK interest rates on hold
"TSMC investing in the US provides for a substantial step up in our supply chain resilience," Huang reportedly said.
Nvidia has been holding its annual GPU Technology Conference this week, with Huang unveiling the company's next-generation Blackwell Ultra artificial intelligence (AI) chip in a keynote speech on Tuesday.
Shares in Nvidia closed Wednesday's session up nearly 2% and had risen 1.6% in pre-market trading on Thursday, at the time of writing. However, the stock is still down 12.5% year-to-date, as concerns over the level of spending on AI by major US tech companies linger, in the wake of Chinese startup DeepSeek's release of a lower cost model.
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+(1.81%)
At close: March 19 at 4:00:02 PM EDT Advanced Chart
Boeing (BA)
Shares in Boeing (BA) rose nearly 7% on Wednesday, after the US planemaker chief financial officer (CFO) offered a more upbeat outlook on cash flow.
Speaking at a Bank of America (BAC) industrials conference on Wednesday, Boeing CFO Brian West said that the company's cash flow could improve in the first quarter by "hundreds of millions" of dollars, according to a Reuters report.
Read more: Pound slides as UK wage growth slows and redundancies rise
Boeing has faced a series of issues, including safety and quality control crises, as well as labour strikes. The company ended 2024 with revenue down 14% to $66.5bn, posting a net loss of $11.8bn.
West said on Wednesday that while the company was concerned about the impact of Trump's tariffs on the availability of parts, he said that planemaker has enough inventory for the time being.
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At close: March 19 at 4:00:02 PM EDT Advanced Chart
Nike (NKE)
Investors were keeping an eye on Nike (NKE) shares, ahead of the sportswear brand releasing its latest results on Thursday.
Reuters reported that Nike is expected to report its steepest revenue fall in nearly five years in its third quarter results later on Thursday.
Story Continues
Stocks: Create your watchlist and portfolio
This comes as CEO Elliott Hill, who took the helm in October, seeks to turnaround the business.
Hill warned on a second quarter earnings call in December that the turnaround would be challenging, as he looked to put sport back at the core of the company's focus and reinvest in brand storytelling.
Nike beat forecasts in the second quarter, with revenue of $12.35bn besting estimates of $12.13bn, though this was still down from the $13.39bn it reported in the previous year. Adjusted earnings per share of $0.78 were also ahead of estimates of $0.63, but were under the $1.03 for the same quarter of the previous year.
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Shopify (SHOP)
Shares in Shopify (SHOP) surged 8% on Wednesday, after the Canadian e-commerce platform announced that it was transferring its listing to the Nasdaq (^IXIC) from the New York Stock Exchange (NYSE).
In an announcement on Tuesday, Shopify said that it expected its class A shares to cease trading on the NYSE at market close on Friday 28 March and will begin trading on the Nasdaq on Monday 31 March.
Read more: Stocks that are trending today
The company said its listing (SHOP.TO) on the Toronto Stock Exchange (TSX) would not be impacted, and that class A shares would continue to be listed under the stock ticker "SHOP" on both the TSX and the Nasdaq (^IXIC).
Shares in Shopify are down nearly 5% year-to-date, despite the firm reporting revenue growth of 26% for 2024 at $8.9bn, in results released last month. Shopify also reported an increase in operating income to $1.08bn, up from a loss of $1.4bn in 2023.
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Prudential (PRU.L)
Insurer Prudential (PRU.L) posted a 10% increased in adjusted operating profit before tax at $3.1bn for 2024.
New business profit rose 11% to $3.08bn for the year, with the company expecting this to grow by more than 10% in 2025. Prudential said it also expected to see double-digit growth in basic earnings per share in 2025. Prudential's total dividend for 2024 of 23.12 cents per share was up 13%.
Read more: UK pay growth stays above inflation ahead of Bank of England interest rate decision
Matt Britzman, senior equity analyst at Hargreaves Lansdown (HL.L), said that "Prudential has not only delivered the profit growth it promised but also exceeded expectations with a stronger-than-expected dividend.
"The Prudential appeal is starting to come through, with insurance penetration rates in Asia still low and growing demand for long-term savings and protection products," he said. "The outlook set a positive tone too, with a 10% jump expected across pretty much every key metric, including the important dividend."
Other companies in the news on Thursday 20 March:
Bloomsbury Publishing (BMY.L)
Investec (INVP.L)
RTL (RRTL.DE)
Accenture (ACN)
FedEx (FDX)
Read more:
Stocks to watch this week: Tencent, Micron, Nike, Prudential and JD Wetherspoon Eurozone inflation revised lower to 2.3% in February UK house prices climb £10,431 amid demand for bigger homes
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| 14.03.25 15:30:18 |
Stocks to watch next week: Tencent, Micron, Nike, Prudential and JD Wetherspoon |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
While central bank interest rate decisions and developments on trade tariffs are likely to occupy much of investor focus in the coming week, there are also a number of companies still set to release earnings.
Analysts will be looking to Tencent's (0700.HK) annual results to see how the Chinese tech giant's investment in artificial intelligence (AI) is playing out, as competition in the space heats up.
In the chip sector, US semiconductor manufacturer Micron (MU) is due to release latest quarterly earnings, though guidance has already disappointed against expectations.
Meanwhile, investors will be keeping an eye on Nike's (NKE) latest results to see how the sportswear brand's turnaround efforts are progressing.
On the London market, investors will want to see how insurer Prudential (PRU.L) is performing against its long-term financial goals.
In the hospitality industry, investors will keeping an eye on commentary from JD Wetherspoon's (JDW.L) Tim Martin on how higher labour costs could impact the business.
Here's more on what to look out for:
Tencent (0700.HK) – Releases annual results on Wednesday 19 March
Chinese tech giant Tencent (0700.HK) recently released a new AI model, which it said can reply faster to queries than DeepSeek's latest R1 model.
According to a Google translation, Tencent (0700.HK) said in a post on its WeChat channel in late February that unlike DeepSeek R1 and its Hunyuan T1 model that require "thinking before answering", the Hunyuan Turbo S model could achieve "instant reply" output answers and reduce first-word delay by 44%.
The release comes as competition ramps up in the AI space, with DeepSeek's latest lower cost model having rattled investors in US Big Tech, as it sparked questions over the level of spending on AI by these major companies.
Read more: The highly-rated defence stocks investors are buying up
In Tencent's (0700.HK) third quarter results, CEO Ma Huateng said the company was seeing "increasingly seeing tangible benefits of deploying AI across our products and operations including marketing services and cloud, and will continue investing in AI technology, tools and solutions that assist users and partners".
For the quarter, Tencent (0700.HK) posted total revenues of CNY167.2bn (£17.84bn), up 8% on the same period in 2023.
Profits for the quarter came in at CNY54bn Chinese yuan, an increase of 47% on Q3 of the previous year.
Shares in Tencent (0700.HK) are up 24% since the start of the year and 80% over one year.
Micron Technology (MU) – Releases second quarter earnings on Thursday 20 March
Shares in Micron (MU) sunk following the release of its first quarter results in December, after the US chipmaker's outlook disappointed against expectations.
Story Continues
Micron (MU) reported revenue of $8.1bn (£6.25bn) in the first quarter, which was in-line with expectations and up from $4.73bn for the same period in the previous year.
Adjusted earnings per share came in at $1.79, which beat estimates and was up from a loss of $0.95 in the first quarter of its 2024 fiscal year.
Read more: Stocks that are trending today
However, second quarter guidance disappointed against expectations, with Micron (MU) guiding to revenue of $7.9bn, plus or minus $200m. The upper end of that guidance of $8.1bn, was still below Wall Street expectations of $8.99bn.
Micron (MU) guided to diluted earnings per share of $1.26, plus or minus $0.10, for the second quarter.
The chipmaker's CEO Sanjay Mehrotra warned that "consumer-oriented markets are weaker in the near term" but anticipated a return to growth in the second half of its fiscal year.
Micron (MU) stock has had a bumpy start to the year, seeing it swept up in broader tech sector volatility, leaving the stock just less than 13% in the green year-to-date.
Nike (NKE) – Releases third quarter earnings on Thursday 20 March
Shares in Nike (NKE) rose after the sportswear brand announced that it was partnering with Kim Kardashian's clothing brand Skims to create a new line for women.
This comes as CEO Elliott Hill, who took the helm in October, seeks to turnaround the business.
Hill warned on a second quarter earnings call in December that the turnaround would be challenging, as he looked to put sport back at the core of the company's focus and reinvest in brand storytelling.
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Nike (NKE) beat forecasts in the second quarter, with revenue of $12.35bn besting estimates of $12.13bn, though this was still down from the $13.39bn it reported in the previous year.
Adjusted earnings per share of $0.78 were also ahead of estimates of $0.63, but were under the $1.03 for the same quarter of the previous year.
According to a Reuters report, Nike (NKE) forecast that revenue would fall by low double-digits in the third quarter. This was more than analysts expectations of a 7.65% fall in revenue to $11.48bn, data compiled by LSEG showed.
Nike (NKE) shares are down 4% so far this year and have fallen 28% into the red on a one-year basis.
Prudential (PRU.L) – Releases full-year results on Wednesday 19 March
Shares in Prudential (PRU.L) hit their lowest point in January since 2012, with ongoing concerns about China's economy weighing on the FTSE-listed insurer.
Shares have since started to recover, after Prudential (PRU.L) said it was considering listing its Indian join venture ICICI Prudential Asset Management.
"After the spin-offs of London-headquartered fund manager M&G in 2019, a major fundraising in Hong Kong in 2021 and the demerger of America’s Jackson Life in 2022, Prudential (PRU.L) is now a play on demand for financial services in Asia and Africa," said AJ Bell's investment experts Russ Mould, Danni Hewson and Dan Coatsworth.
"The firm is a leader in savings and health and protection products and has a strong distribution network for bancassurance too (where banks sell insurance products)," they said. "Prudential’s (PRU.L) long-term strategy is to position itself for both population growth and also increased prosperity and the rise of the middle class, as this is potentially the sweet spot for increased demand for financial products and services."
Read more: Top ISA fund picks ahead of the new tax year
Prudential (PRU.L) CEO Anil Wadhwani set out three long-term financial goals for the business in 2023, including achieving a compound annual growth rate of 15% to 20% in new business profit. Secondly, the company will aim to deliver sustained growth in surplus capital and thirdly, to deliver double-digit growth in embedded value per share.
For 2024, analysts expect Prudential (PRU.L) to report broadly flat new business profit of $3bn, but for this figure to jump to $3.5bn in 2025.
As for a potential listing of ICICI Prudential Asset Management, AJ Bell's investment experts that analysts had valued this possible initial public offering (IPO) at between $8bn and $12bn.
"ICICI Bank (ICICIBANK.NS) owns a 51% stake and Prudential (PRU.L) the rest, so its stake would be worth between $4bn and $6bn, if those estimates prove accurate," they said. "Selling half of that, to meet Indian IPO regulations of a minimum free float of 25%, could therefore net Prudential (PRU.L) up to $2.5bn after tax, or around a tenth of the FTSE 100 member’s current stock market valuation."
"Prudential (PRU.L) could return this cash to shareholders via dividends or buybacks," they added. "It launched a $2bn buyback scheme in summer last year."
JD Wetherspoon (JDW.L) – Releases half-year results on Friday 21 March
In a second quarter update in January, chairman of pub operator JD Wetherspoon (JDW.L), Tim Martin, reiterated that labour-related costs for the company would increase by £60m a year from April.
Many other UK business have warned of the cost impact of increases to the minimum wage and employer national insurance contributions, announced in the government's autumn budget.
"Government-mandated wage increases have a significantly bigger impact on pub and restaurant companies than supermarkets," said Martin.
"Given the public’s love of pubs, the only possible explanation for this tax discrepancy is that prime ministers and other legislators, in the 45 years since Wetherspoon started trading, have been dinner party goers, rather than pub goers," he claimed.
Read more: UK economy shrinks in January in further setback for Rachel Reeves
Martin called on prime minister Keir Starmer to "redress this imbalance" and he said that while the company was "confident of a reasonable outcome for the year", forecasting was more difficult given the increased costs.
In the update, JD Wetherspoon (JDW.L) reported sales were up 5.1% on the previous year, though investors will be looking to its final half-year results for more detailed figures.
Derren Nathan, head of equity analysis at Hargreaves Lansdown (HL.L), said: "Investors will be keen to hear if growths picked up again so far in the second half after consumer confidence showed some feint signs of improvement."
He said that profitability and cost control would be in focus, which should also help "give some clue as to whether the pub group is on track to hit consensus forecasts, which expects a 2.7% rise in operating profit, to £143.3m ($185.5m), this year."
"Markets will also want some colour on the direction of the dividends which returned after the final results for the first time since the pandemic," he added.
Other companies reporting next week include:
Monday 17 March
Diversified Energy Company (DEC.L)
F&C Investment Trust (FCIT.L)
Marshalls (MSLH.L)
Phoenix Group (PHNX.L)
Vanquis Banking (VANQ.L)
Textron (TXT)
Tuesday 18 March
Computacenter (CCC.L)
Harworth Group (HWG.L)
SThree (STEM.L)
Travis Perkins (TPK.L)
Trustpilot Group (TRST.L)
Sabre Insurance (SBRE.L)
Mortgage Advice Bureau (MAB1.L)
Midwich (MIDW.L)
Yu (YU.L)
Close Brothers (CBG.L)
Xiaomi (1810.HK)
Tencent Music (TME)
China Unicom (0762.HK)
Brembo (BRE.MI)
Alimentation Couche-Tard (ATD.TO)
Wednesday 19 March
Essentra (ESNT.L)
M&G (MNG.L)
Prudential (PRU.L)
Softcat (SCT.L)
Balfour Beatty (BBY.L)
Hill & Smith (HILS.L)
Hochschild Mining (HOC.L)
Ferrexpo (FXPO.L)
Forterra (FORT.L)
Vonovia (VNA.DE)
Jeronimo Martins (JMT.LS)
Swatch (UHR.SW)
General Mills (GIS)
Thursday 20 March
Bloomsbury Publishing (BMY.L)
Energean (ENOG.L)
Foresight Solar Fund (FSFL.L)
Investec (INVP.L)
Central Asia Metals (CAML.L)
James Fisher (FSJ.L)
Gulf Keystone Petroluem (GKP.L)
Ping An Insurance (601318.SS)
Geely Auto (0175.HK)
China Mobile (0941.HK)
Hapag-Lloyd (HLAG.DE)
RWE (RWE.DE)
Verbund (VER.VI)
RTL (RRTL.DE)
Accenture (ACN)
FedEx (FDX)
Darden Restaurants (DRI)
Friday 21 March
Temple Bar Investment Trust (TMPL.L)
Meituan (3690.HK)
Carnival (CCL)
Nio (NIO)
You can read Yahoo Finance's full calendar here.
Read more:
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| 14.02.25 10:14:12 |
RTL Group's (ETR:RRTL) three-year decline in earnings translates into losses for shareholders |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
RTL Group S.A. (ETR:RRTL) shareholders should be happy to see the share price up 29% in the last quarter. But that cannot eclipse the less-than-impressive returns over the last three years. Truth be told the share price declined 40% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund.
Although the past week has been more reassuring for shareholders, they're still in the red over the last three years, so let's see if the underlying business has been responsible for the decline.
View our latest analysis for RTL Group
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During the three years that the share price fell, RTL Group's earnings per share (EPS) dropped by 32% each year. In comparison the 16% compound annual share price decline isn't as bad as the EPS drop-off. So, despite the prior disappointment, shareholders must have some confidence the situation will improve, longer term.
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).XTRA:RRTL Earnings Per Share Growth February 14th 2025
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our freereport on RTL Group's earnings, revenue and cash flow.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of RTL Group, it has a TSR of -23% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!
A Different Perspective
While the broader market gained around 22% in the last year, RTL Group shareholders lost 4.4% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.8% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for RTL Group that you should be aware of before investing here.
Story Continues
For those who like to find winning investments this freelist of undervalued companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 09.10.24 22:06:36 |
RTL Group SA (RGLXY) (H1 2024) Earnings Call Highlights: Streaming Surge and Strategic ... |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Revenue: Increased by 2% to EUR2.9 billion in the first half of 2024. Streaming Revenue: Grew by 42% in the first half of 2024. Adjusted EBITA: Slightly decreased to EUR172 million due to higher sports program costs. Total Group Profit: Increased by 31% to EUR173 million, with EUR110 million from continuing operations. Net Cash from Operating Activities: Increased to EUR72 million, including RTL Nederland. Net Debt: Increased to EUR1.1 billion from EUR291 million at the end of 2023. RTL Deutschland Revenue: Up 3% to EUR1.21 billion, driven by higher TV advertising and streaming revenue. Groupe M6 Revenue: Increased by 6% to EUR657 million, mainly due to higher TV advertising and streaming revenue. Fremantle Revenue: Decreased by 5% to EUR957 million, with adjusted EBITA stable at EUR35 million. Paying Subscribers: Increased by 25% to EUR6.3 million across Germany, France, and Hungary. TV Advertising Revenue: Grew by almost 5% across the group.
Warning! GuruFocus has detected 5 Warning Signs with RGLXY.
Release Date: August 09, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Streaming revenues grew by 42% in the first half of 2024, with a 25% increase in paying subscribers across Germany, France, and Hungary. TV advertising revenue across the group grew by almost 5%, with RTL Germany outperforming the market. The acquisition of Asacha Media Group and Beach House Pictures for EUR200 million aims to expand the global content business Fremantle. The partnership with Deutsche Telekom and Sky Deutschland is progressing well, enhancing streaming service growth. The planned migration of RTL+ to the Bedrock technology platform is expected to reduce streaming tech costs and create a European champion streaming technology.
Negative Points
Adjusted EBITA was slightly down to EUR172 million due to higher costs for sports programs, particularly the UEFA 2024 matches. Revenue at Fremantle decreased by 5% due to the impact of the 2023 US writers and actors strikes and budget cuts by streaming companies. Net debt increased to EUR1.1 billion from EUR291 million at the end of 2023, primarily due to dividend payments and acquisitions. The Dutch competition authority's Phase 2 investigation into the sale of RTL Nederland to DPG Media is ongoing, delaying the transaction. Higher content costs, particularly for sports programs, are expected to impact financial performance in 2024.
Q & A Highlights
Q: Can you give us some indication of advertising trends in your main market? A: Thomas Rabe, CEO: We provided data for the first half of the year, showing significant advertising market share gains in Germany. For Q3, July was down single-digit in Germany, August is expected to be down double-digits due to the Olympic Games, but September is looking positive. Overall, Q3 will be down, but we are hopeful for an uptick in Q4. We expect the German market to be slightly up for the year, with us outperforming the market.
Q: What backs your confidence that the RTL Nederland transaction will go through by the end of this year? A: Thomas Rabe, CEO: We are confident based on the market definitions used by competition authorities. DPG Media, the buyer, does not have a market share in TV, so acquiring RTL Nederland doesn't increase their market share. We are cooperating with authorities and expect the deal to be approved by year-end.
Q: How does the price of RTL+ compare to competitors in Germany, and is there scope for further price increases? A: Thomas Rabe, CEO: RTL+ is priced at EUR6.99, increased from EUR4.99 last year with minimal churn. It compares well to competitors like Netflix at EUR13.99. We see potential for further price increases as we invest in content and user experience.
Q: Can you discuss Fremantle's 2026 guidance and the balance between organic and non-organic growth? A: Thomas Rabe, CEO: Fremantle is in a transition year due to the US strikes and customer buying behavior. We expect 2024 revenue to be around EUR2.5 billion, including acquisitions. We anticipate a 4-5% organic growth rate in 2025 and 2026, aiming for a EUR3 billion revenue target by 2026.
Q: What is the strategy for streaming services, and how are you progressing towards profitability by 2026? A: Thomas Rabe, CEO: We are seeing strong growth in paying subscribers, up 25% year-on-year. Streaming revenue increased by 42% in the first half of 2024. We are on track to reach our long-term streaming targets and profitability by 2026, supported by subscription price increases and high demand for advertising.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
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| 04.10.24 11:12:26 |
Is RTL Group S.A.'s (ETR:RRTL) Recent Stock Performance Influenced By Its Financials In Any Way? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
RTL Group's (ETR:RRTL) stock is up by 2.6% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Particularly, we will be paying attention to RTL Group's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for RTL Group
How Is ROE Calculated?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for RTL Group is:
11% = €516m ÷ €4.8b (Based on the trailing twelve months to June 2024).
The 'return' is the amount earned after tax over the last twelve months. So, this means that for every €1 of its shareholder's investments, the company generates a profit of €0.11.
What Is The Relationship Between ROE And Earnings Growth?
We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.
RTL Group's Earnings Growth And 11% ROE
At first glance, RTL Group seems to have a decent ROE. Especially when compared to the industry average of 8.3% the company's ROE looks pretty impressive. Needless to say, we are quite surprised to see that RTL Group's net income shrunk at a rate of 10% over the past five years. We reckon that there could be some other factors at play here that are preventing the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures.
As a next step, we compared RTL Group's performance with the industry and discovered the industry has shrunk at a rate of 19% in the same period meaning that the company has been shrinking its earnings at a rate lower than the industry. While this is not particularly good, its not particularly bad either. past-earnings-growth
Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if RTL Group is trading on a high P/E or a low P/E, relative to its industry.
Story continues
Is RTL Group Efficiently Re-investing Its Profits?
RTL Group's declining earnings is not surprising given how the company is spending most of its profits in paying dividends, judging by its three-year median payout ratio of 89% (or a retention ratio of 11%). With only very little left to reinvest into the business, growth in earnings is far from likely. Our risks dashboard should have the 2 risks we have identified for RTL Group.
Moreover, RTL Group has been paying dividends for at least ten years or more suggesting that management must have perceived that the shareholders prefer dividends over earnings growth. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 77%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 12%.
Summary
On the whole, we do feel that RTL Group has some positive attributes. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE. Bear in mind, the company reinvests a small portion of its profits, which means that investors aren't reaping the benefits of the high rate of return. Having said that, we studied the latest analyst forecasts, and found that analysts are expecting the company's earnings growth to improve slightly. Sure enough, this could bring some relief to shareholders. To know more about the company's future earnings growth forecasts take a look at this freereport on analyst forecasts for the company to find out more.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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