Atresmedia : Q4 set to be tougher than Q3, but should be offset by cost flexibility
>A reassuring message on costs despite a tougher market - Atresmedia published yesterday its Q3 results, which exceeded expectations thanks to strong resilience in advertising and a good performance from content sales (catch-up from H1). We have raised our 2020 EBITDA forecast in order to factor in this positive quarter, although our Q4 expectations are mainly unchanged. Management indicated that it expects Q4 to be tougher than Q3 (-10%). This is due to the impact of...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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