Atresmedia : Market still very difficult but adaptation of model
>Market still down sharply in Q2 - Atresmedia released its Q1 results yesterday and they came out broadly ahead of expectations. It followed them up with a conference call. Management delivered a cautious message on the advertising market and mentioned a contraction of 15% in April and of -2% over the full year. However, it has lowered its cost guidance, which leads us to maintain our overall expectations unchanged. We reiterate our Buy recommendation on the stock wi...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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