Sky Deutschland CEO Sees Second Quarter Operating Profit - Report

Date : 07/22/2012 @ 10:12AM
Source : Dow Jones News
Stock : News Corp. (MM) (NWSA)
Quote : 14.035  0.105 (0.75%) @ 2:14PM

Sky Deutschland CEO Sees Second Quarter Operating Profit - Report

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Pay-TV operator Sky Deutschland (SKYD.XE) expects to post an operating profit in the second quarter, Chief Executive Officer Brian Sullivan told Frankfurter Allgemeine Zeitung in an interview published Sunday, confirming a report earlier this month.

"Results haven't been finalized yet, but at present it looks like we'll post earnings before interest, taxes, depreciation and amortization for the quarter, as we had forecast," he told FAZ.

Sky Deutschland will report second quarter results August 14.

The CEO added he so far hasn't noticed any negative effects of the euro zone crisis on the company's business development.

However, Sullivan still expects the firm to make a loss for the full year, although "the loss will be significantly smaller than the previous year."

Sullivan told FAZ that if everything goes to plan, 2013 will be Sky Deutschland's first year without loss before interest, taxes, depreciation and amortization.

News Corp. (NWS), which owns Dow Jones & Co., the publisher of this newswire, has a 49.9% stake in Sky Deutschland.

Newspaper website: http://www.faz.net

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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