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Investing.com -- Shares of Prosieben (ETR:PSM) climbed 1.5% following the announcement of the company’s full-year 2024 actual (FY24A) results, which aligned with analysts’ expectations.
The company reported €557 million in EBITDA and €229 million in adjusted net income, closely matching the consensus estimates of €551 million and €224 million, respectively.
Despite this, the provided guidance for full-year 2025 estimated EBITDA (€550 million +/- €50 million) fell short of the €575 million market consensus.
The stock’s positive movement also comes amid news that Prosieben is in discussions with General Atlantic to acquire their minority stakes in the Commerce (28.4%) and Dating (45%) divisions.
This move is contrary to investor expectations of asset disposals from the company, as highlighted by a comment from Barclays (LON:BARC) analysts. They stated, "Investors were expecting disposals from Pro7Sat1, not large M&A, so this could be taken badly unless realized at the same time as Flaconi and Verivox disposal. Overall, a mixed bag."
The potential acquisition by Prosieben could signal a strategic shift for the company, although the market’s immediate response to the earnings report and guidance appears cautiously optimistic.
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