Media company Constantin Medien, which operates German sports broadcaster Sport1 and the Sport1 Media sports marketing company, has posted better-than-expected results for the 2014 financial year.
The company registered a €3.3m ($3.7) loss on earnings attributable to shareholders, an improvement from minus €11m in 2013 and better than the target range of between minus €7m and minus €9m set in November 2014.
Constantin said that the results were due to an upturn in business in the fourth quarter of 2014, particularly in the sports and film divisions.
Sales increased by 6.4 per cent year-on-year to €487.8m, towards the upper end of the target range of between €460m and €500m.