Frankfurt (dpa -AfX) – A capped annual forecast has burdened the shares of ProSiebenSat.1 (ProSiebenSat1 Media SE) on Tuesday. In the afternoon, they fell by up to 3.9 percent to 6.065 euros. In the early trade, the papers had temporarily recovered by 3.5 percent and tested the 200-day line as a chart-related indicator for the long-term trend. Now the recent course slip continued after a stabilization attempt the day before. From the end of August, the media company has reached almost 30 percent at 8.53 euros. However, the course plan has been almost a quarter since the beginning of the year.
ProSiebenSat.1 expects less sales in the current year than previously promised and referred to the lack of recovery in the advertising market. The adjusted operational result (ber. EBITDA) should also be smaller than before.
The media group, which was listed in the small-level index SDAX, was recently swallowed by the Italian Media for Europe (MFE) (MFE mediaurope), which initially drove the share price. As a result, the papers were under pressure ./niw/jha/
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