Endemol posts 24% growth in turnover

MUMBAI: Televison format creator and distributor Endemol has announced its results for 2006.

It recorded a turnover of 1,117.4 million euros. This was a 24.1 per cent growth compared to 2005. Organic growth was 20.9 per cent.

Net income attributable to the shareholders was 96.8 million euros which is 8.7 per cent of the turnover. This marks a 17.2 per cent growth compared to 2005.

Earnings per share was 0.77 euros compared to 0.66 euros in 2005. The company says that there was growth in all genres. There was a 22.2 per cent gain in non-scripted, 8.5 per cent growth in scripted and 65.3 per cent rise in digital media. Growth, it says, took place in almost all territories. The standout performers were the UK, US, Italy and Spain.

Endemol CEO El?as Rodr?guez-Vi?a said, ?In the last year we have managed to grow in all areas of our business activities, as well as in almost every territory. We are especially pleased with the performance of Deal or No Deal, which has climbed to second place in our Top 10 formats, and which we believe has a very promising future.

" We are also confident about the future prospects of other game shows launched following the success of Dond. For example, 1vs100, a revamped game show from our library, is now being produced in eight countries, and continues to roll out worldwide following successful launches in the US and the U.K.

"Our creative strength and worldwide distribution network are key assets for creating local and global hits, expanding our business and adding value to our company. The acquisition of Endemol France is expected to be earnings enhancing, before acquisition-related amortization, for Endemol from the first year. With Endemol France back into the Group we are looking forward to another year of strong growth in 2007.?

Under expected market circumstances, we forecast to grow organically by 5-7 per cent. Including the reintegration of Endemol France turnover is expected to grow by more than 20 per cent in total in 2007.

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