Edison Investment Research - RNTS Media N.V. (RNM) Update: Scaling up with acquisitions

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Edison Investment Research

Update: Scaling up with acquisitions

FY14 revenue growth of 55% for RNTS Media softened in Q1 to 23% as the market moved towards rewarded video. Having built out the leading mediation platform for RV during FY14, the relaunch of this format on its ad exchange over the summer and the integration of the recent Falk Realtime acquisition should re-ignite growth from H215. RNTS plan a â‚¬150m convertible bond issue to finance acquisitions and scale its platform, which should prove a support to the current EV/Sales rating.

18/06/2015 7 EN

Underlying

RNTS Media N.V.

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Frankfurt Stock Exchange

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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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Update: Scaling up with acquisitions

Ford Equity International Rating and Forecast Report

Outlook: Monetising its widening reach

Update: Inneractive acquisition puts RNTS on the map

Braemar - Solid H1 driven by diversification, outlook robust

Electro Optic Systems - Growth from defence

Smiths News - FY24 trading good, special dividend proposed

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