RDF Media Group plc - full year results for the year ended 31 January 2007
15th May, 2007
Financial highlights
- Group turnover up 67% to £99.3m (2006: £59.5m)
- Gross profit up 78% to £30.1m (2006: £16.9m)
- Adjusted operating profit* up 70% to £9.2m (2006: £5.4m)
- Adjusted fully diluted earnings per share up 27% to 16.9p (2006: 13.3p)
*before goodwill amortisation, FRS 20 charge (share based payments) and flotation costs (2006 only)
Other highlights
- Organic growth - gross profit up 45% at RDF's largest content company, RDF TV
- Group now represented in factual, entertainment, drama, comedy and children's
- More than 100 titles (2006: 45) delivered to 19 broadcasters (2006:11)
- Three acquisitions during the year (Presentable, Foundation and Comedy Unit)
- RDF Rights voted leading independent distributor in Broadcast peer poll
- US Production business returns to growth in transition year – gross profit up 32%
- RDF Digital launched to create content for broadcast on broadband.
Outlook
The Board remains confident about the prospects for the year ahead.
David Frank, Chief Executive, commented:
"Over the last year we have continued to build RDF in both content and rights exploitation and simultaneously broadened the range of activities in which we are engaged. That this has been delivered alongside impressive organic growth in our core businesses and investment in new revenue opportunities is testament to the commitment and skills of people involved across the whole Group.
In the UK, the US and the major territories across the globe into which we sell, the demand for popular programming and formats remains strong. Through RDF Rights, we are now better positioned than ever to manage the exploitation of the associated global secondary rights income. Our confidence about the future is also underpinned by a further strengthening of our rights ownership position, particularly in new media, and the potential for new revenue streams from emerging broadcast technologies."
For further information, please contact:
RDF Media Group plc
David Frank, Chief Executive
Janice Price, Chief Financial Officer
Jonathan Slow, Corporate Development Director
Alice Robertson, Head of Marketing and Publicity
Tel: 020 7013 4000 or
Tel: 07867 971517 / 020 7597 3886 on Tuesday 15th May am
An analyst presentation will be held today at 9.30am at Investec, 2 Gresham Street, London, EC2V 7QP. To register please call Investec on 020 7597 4243. Photographs are also available on request from Alice Robertson at RDF (020 7013 4479).
An interview with David Frank in video/audio and text will be available from 7.00am BST on 15th May 2007 on: www.rdfmedia.com and www.cantos.com.
There will be an audio webcast with slide presentation at 9.30am BST. To access this live webcast, please visit the Group website www.rdfmedia.com or www.cantos.com. An on-demand version of the webcast will be available on the Group's website later during the day on 15th May 2007.
View the full RDF Media Group plc - full year results for the year ended 31 January 2007 release (PDF - 68 KB).
 |
Please note that you will need to have Acrobat Reader installed to view the PDFs. The latest version can be downloaded free of charge from the Adobe website. |
|