Media company Constantin Medien, which operates German sports broadcaster Sport1, the Sport1 Media sports marketing company and the Plazamedia production company, is anticipating a “clear sales and earnings increase” for its sports division for the remainder of 2015.
At the company's annual general meeting, chief executive Bernhard Burgener told shareholders that Constantin was on course to hit its full-year financial targets following a positive first quarter of the year.
The company expects total sales in 2015 to be between €450m ($491m) and €490m, in line with expectations.
“Today, Sport1 is Germany’s leading 360-degree multimedia sports platform,” Burgener said. “We have succeeded in monetising the digital transformation launched in prior years, with associated high investments made in programming, production and multimedia platforms in the form of sales growth and earnings improvements.”