Atresmedia : Q3 in line but advertising trend still down in Q4 on our estimates
>Persistently challenging advertising trend in Q4 - Yesterday, Atresmedia published Q3 results that were in line with our forecasts, with EBITDA of € 27.2m vs € 27.5m expected. The group no longer publishes detailed figures, just revenue and its EBITDA. Advertising revenue growth was down 7% in line with our forecasts. The group indicated that advertising revenue growth will remain in negative territory in Q4 but that radio and digital activities will show greater res...Atresmedia Corporacion De Medios De Comunicacion is a television and radio broadcasting company based in Spain. Co. is engaged in the indirect management of television and radio services, which include the broadcasting, creation, production and distribution of television and radio programming, and the sale of advertising time. Group companies mainly carry on business activities relating to the production, copying and broadcasting of sounds and images, and TV and Internet home shopping. Co. provides National and World Digital Television Services. Co. is the parent company of Grupo Antena 3.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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