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Munich (dpa) - The television group ProSiebenSat.1 was able to keep its sales almost stable at 4.05 billion euros last year, but the profit for the shareholders fell by 35 percent to 267 million euros.
Only the dating portals of the Parship Meet group were able to increase their operating results.
The group should now be made fit for the IPO, said board spokesman Rainer Beaujean on Thursday in Unterföhring.
For the current year he expects a rapid recovery of the advertising market from April, an increase in sales to 4.15 to 4.35 billion euros and a profit adjusted for special effects above the previous year.
The adjusted EBITDA, which slumped from 872 to 708 million euros last year, is expected to rise again to 720 to 780 million euros this year.
The final quarter of 2020 went better than 2019. But that was not enough to iron out the dent in the corona crisis from the first half of the year.
The entertainment division with the television stations generates 80 percent of the operating profit - with 571 million euros last year, however, a quarter less than in the previous year.
The division's annual turnover fell by only 9 percent.
The studios and online shops also made less profit.
In contrast, the Parship group grew strongly, also spurred on by the takeover of the American Meet group.
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ProSiebenSat.1 holds 53 percent of the Parship-Meet group, the investor General Atlantic and the management hold the rest. The group is to be listed on the stock exchange next year.
There is also speculation about the sale of the online drugstore Flaconi.
The Italian Mediaset Group had increased its stake in ProSiebenSat.1 since the beginning of the year, while the major Czech shareholder Daniel Kretinsky halved its stake and the US investor KKR sold almost all of its package.
© dpa-infocom, dpa: 210304-99-681714 / 2