RTL Group S.A.

RTL Group is a holding company. Co. through its subsidiaries is engaged in the operation of television and radio broadcasting services, television content production and distribution. Co. has interests in 40 television channels and 33 radio stations in 11 countries. Co. is involved in television content production, such as talent and game shows, drama and daily soap operas, through its subsidiary, FremantleMedia. Co. also provides services in the digital entertainment environment, including online games, community and dating services, as well as user-generated content exchange platforms.
  • TickerRTLL
  • ISINLU0061462528
  • ExchangeLuxembourg Stock Exchange
  • SectorMedia
  • CountryLuxembourg

RTL GROUP sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of RTL GROUP (BE), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 4, 2020, the closing price was EUR 29.54 and its potential was estimated at EUR 34.31.

Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/14/2020

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Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/08/2020

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Jerôme Bodin

RTL Group : H1 2020 results a shade below our expectations and limited rebound in advertising for the time being

>H1 2020 results a shade below expectations, German market still down - RTL Group yesterday reported its H1 2020 results that marginally undershot our estimates, with EBITA of € 258m vs € 310m forecast. Unsurprisingly, the advertising trend in Q2 was unfavourable throughout Europe and especially in Germany. The main difference with our expectations comes from Germany (costs) and Fremantle which was impacted a little more strongly than we expected in Q2. The group stat...

Jerôme Bodin

RTL Group : Résultats S1 un peu inférieurs à notre attente et rebond publicitaire pour le moment limité

>Résultats S1 un peu inférieurs aux attentes, marché allemand toujours en baisse - RTL Group a publié hier ses résultats du S1 2020 ressortis un peu inférieur à notre attente avec un EBITA de 258 M€ vs 310 M€ attendu. Sans surprise, la tendance publicitaire T2 a été difficile partout en Europe et particulièrement en Allemagne. La principale différence avec nos attentes provient de l’Allemagne (coûts) et Fremantle qui a été impacté un peu plus fortement que nous ne l’a...

Jerôme Bodin

RTL Group : H1 2020 results a shade below our expectations and limited rebound in advertising for the time being

>H1 2020 results a shade below expectations, German market still down - RTL Group yesterday reported its H1 2020 results that marginally undershot our estimates, with EBITA of € 258m vs € 310m forecast. Unsurprisingly, the advertising trend in Q2 was unfavourable throughout Europe and especially in Germany. The main difference with our expectations comes from Germany (costs) and Fremantle which was impacted a little more strongly than we expected in Q2. The group stat...

Jerôme Bodin

RTL Group : Résultats S1 un peu inférieurs à notre attente et rebond publicitaire pour le moment limité

>Résultats S1 un peu inférieurs aux attentes, marché allemand toujours en baisse - RTL Group a publié hier ses résultats du S1 2020 ressortis un peu inférieur à notre attente avec un EBITA de 258 M€ vs 310 M€ attendu. Sans surprise, la tendance publicitaire T2 a été difficile partout en Europe et particulièrement en Allemagne. La principale différence avec nos attentes provient de l’Allemagne (coûts) et Fremantle qui a été impacté un peu plus fortement que nous ne l’a...

Stephane Houri

Accor : Digitisation post-COVID: what consequences for our sectors and stocks?

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. - >Accelerated digitisation, no turning back - The COVID-19 crisis will without a doubt accelerate use of digital in society in general. The effectiveness of teleworking has...

Alan Vandenberghe ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jason Kalamboussis
  • Joachim Vansanten
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Wido Jongman
  • Wim Hoste

Morning Note: ACKB BB, ASM NA, ASML NA, BESI NA, BRNL NA, CRBN NA, DIE BB, ELI BB, FUR NA, KPN NA, BOLS NA, PROX BB, RTL BB, SOLB BB, TNET BB, UMI BB, VAN BB, XFAB FP, XIOR BB

Ackermans: Quality Over Quantity ASM International: Lower Estimates and TP Due to COVID-19, BUY ASML: Lower Estimates and TP, Downgrade to Hold BESI: 1Q20 offers mixed picture Brunel International: Holding up in 1Q20, with a challenging 2Q20 ahead Corbion: Solid start of the year with 1Q EBITDA +27% D'Ieteren: Royalty in the portfolio Elia Group: Company note - Quality comes at a price Fugro: Acceptable Q1, low FY20 visibility KPN: Q1 a mixed bag, FY20 outlook maintained for now Lucas Bols: Preliminary FY figures and COVID-19 update Proximus: Q1 beat driven by cost cuts, Operational KPIs soft ...

Alan Vandenberghe ...
  • Marcel Achterberg
  • Michiel Declercq
  • Ruben Devos
  • Sandra Cauwenberghs
  • Wido Jongman

Morning Note: BFIT NA, BOTHE BB, COFB BB, GBLB BB, MELE BB, RTL BB

Basic-Fit: Fit to Buy Bone Therapeutics: Up to € 11m in bridge financing gives 1Q21 runway Cofinimmo: 1Q20 better than exp & more concrete EPS outlook GBL: Dividend & Double voting right confirmed Melexis: Sees significant COVID-19 impact on 2Q20 sales RTL Group: M6 1Q20 trading update – TV ad revs down 9% y/y

Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/14/2020

...

Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/08/2020

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/31/2020

The pharma sector is once again playing its defensive role in times of crisis with an outperformance of 20% versus the market. Although it is not entirely immune to COVID-19, we believe that the impact will be limited. Some players such as Roche (Buy vs Neutral) or Sanofi (Buy) could even take advantage of new market opportunities. Conversely, Ipsen (Neutral) and Recordati (Neutral vs Buy) are companies to steer clear of on the COVID-19 theme. Cf. report published this morning. - - ...

Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/31/2020

The pharma sector is once again playing its defensive role in times of crisis with an outperformance of 20% versus the market. Although it is not entirely immune to COVID-19, we believe that the impact will be limited. Some players such as Roche (Buy vs Neutral) or Sanofi (Buy) could even take advantage of new market opportunities. Conversely, Ipsen (Neutral) and Recordati (Neutral vs Buy) are companies to steer clear of on the COVID-19 theme. Cf. sector report published this morning...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 31/03/2020

Le secteur Pharma montre à nouveau son visage défensif en temps de crise avec 20% de surperformance sur le marché YTD selon les indices STOXX 600 Europe. Bien qu’il ne soit pas totalement immun au COVID-19 nous jugeons que l’impact sera limité. Certains acteurs comme Roche (Achat vs Neutre) ou Sanofi (Achat) pourraient même profiter de nouvelles opportunités de marché. A contrario, Ipsen (Neutre) et Recordati (Neutre vs Achat) sont à éviter dans cette thématique. - Cf. étude publiée ce ...

RTL GROUP sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of RTL GROUP (BE), a company active in the Broadcasting & Entertainment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 4, 2020, the closing price was EUR 29.54 and its potential was estimated at EUR 34.31.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

RTL Group – AGM 30 June 2020

Item 3 In view of the Covid-19 health emergency, RTL Group's Board of Directors has decided to withdraw its earlier proposal of a €4.00 per share dividend in respect of the fiscal year 2019. In this context, ECGS is in favour of postponing decisions on the dividend that would allow companies to avoid liquidity risks or not generate risk for their survival. Items 4.1 and 5 For the first time, the company proposes to shareholders to approve the remuneration report and policy, though in an advisory capacity. However, a general lack of ex-ante and ex-post  disclosure, without a clear indication of...

RTL Group – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 18/04/2018

It is proposed to elect a new member to the Board, Ms Lazaznick. She is considered independent and would therefore increase both the independence rate and gender diversity rates of the Board. Hence, we support this election (Item 5.1). It is also proposed to re-elect all board members. Only 3 board members (including Ms Zalaznick) are considered independent (i.e 23.1% of independence rate). Hence, we do not support most of the re-elections proposed. We note our renewed concern with the absence of a vote on remuneration. While not required in Luxembourg, it is now European best practice. We r...

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