Report
Fiona Orford-Williams

Mondo TV - Disco Dragon has all the moves

Mondo TV posted a strong Q3 performance, with production value for 9M21 up 32% on the prior year and EBIT ahead by 20%. Encouragingly, the progress is across several key properties. A further 13 episodes of Disco Dragon were delivered by Mondo France in Q3, while Grisù, Agent 203 and Meteoheroes all continue to perform strongly. Properties in earlier stages of development are also building traction. The group is on track to meet its business plan projections and our forecasts are unchanged. The valuation remains at a significant discount to global peers.
Underlying
Mondo TV S.p.A.

Mondo TV is an Italian-based television company engaged in the production and distribution of animated TV series and full-length feature films for TV and cinema. Co. is involved in the entire production process which includes pre-production, production and post-production. The full production cycle calls for a period of time that generally falls between eight and 16 months. Co.'s distribution activities revolve around the distribution of cartoon series and animated features. TV distribution rights for Co.'s cartoon series are sold to public and private networks including Free TV, Pay TV, Pay for View, Cable TV, and satellite TV.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Fiona Orford-Williams

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