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RTL Group, the leading European entertainment network, announces its interim management statement to 31 March 2009 RTL Group had to cope with a tough economic environment in the first quarter of 2009 as TV advertising markets across Europe declined by double-digit rates. Against this background, reported Group revenue was down 11.1 per cent to EUR 1,188 million (Q1/2008: EUR 1,336 million). Reported EBITA declined to EUR 87 million (Q1/2008: EUR 188 million) due to decreases across all profit centres, restructuring costs (EUR 9 million) and higher start up losses (EUR 18 million) mainly following the first-time consolidation of Alpha Media Group in Greece. This translated to a reported EBITA margin of 7.3 per cent (Q1/2008: 14.1 per cent). The net cash position as of 31 March 2009 amounted...
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