Constantin Medien AG announced earnings results for the year 2017. For the year, the company reported Sales of EUR 263.8 million against EUR 565.7 million a year ago. EBIT was EUR 36.7 million against EUR 39.5 million a year ago, due to the non-recurring, non-cash effects particularly because of the deconsolidation, namely that profit contributions not appearing in the previous year were more or less offset by non-recurring income of EUR 38.3 million from the deconsolidation of Highlight Communications AG. Net result was EUR 28.8 million against EUR 14.4 million a year ago. Earnings attributable to shareholders was EUR 28.7 million against EUR 27.8 million against EUR 8.3 million a year ago. Earnings per share was EUR 0.30 against EUR 0.09 a year ago.

For 2018, the company is expecting significantly lower sales at the Group level than in previous years due to the year-round deconsolidation of Highlight Communications AG. Based on current estimates and the operational development of the sports companies, the Management Board of company is presently assuming Group sales of EUR 110 million to EUR 130 million for the 2018 financial year. Taking into account the holding costs as well as the financial result and taxes, the Management Board expects a Group result attributable to shareholders of negative EUR 1.5 million to EUR 4.5 million.