Report
Pierre François Merveille

Banijay : Still growing after blockbuster year 2021

Revenues in 2021 quickly recouped their pro-forma level of 2019 and EBITDA was clearly ahead (€ 433m vs € 392m in 2019) thanks to the return of production to normal levels and the successful integration of Endemol. Going forward, we expect revenue growth to moderate (+7% assumed in 2022) and EBITDA margin to move back to its normalized level of around 15%. This should not prevent Banijay from de-leveraging further towards its 4.0x leverage target (excl. earn-outs) by the end of 2...
Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre François Merveille

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