Profits and sales fell at the Constantin Medien media company, which operates the Team Marketing agency, in 2013.
Constantin Medien generated group sales of €458.3m ($630.7m) in 2013, a 12-per-cent drop on the previous year’s figure of €520.5 million, but above expectations of €430-450 million.
Profit from overall operations totalled €8.3 million in comparison with €21.6 million in the previous year.
Constantin Medien's sports division achieved sales of €147.4 million, a drop of nine per cent on the previous year. The division made a loss of €2.8 million after having recorded a profit of €4.9 million in 2012.
The sports and event marketing segment achieved sales of €39.7 million, a 31.1-per-cent drop on the previous year. Turnover for the division was €14.2 million, slightly lower than the €14.7 million posted in 2012.