Report
Jerôme Bodin

M6 : Positive start to the year and confirmation of strategy

>Fairly confident message on the market and on margins - M6 held its analysts’ meeting on Friday, 14 February, following the publication of its 2019 earnings. We retain a positive message on the advertising trend at the start of the year. This is entirely consistent with our scenario, with the pushing back of investment from Q4 (strikes) towards Q1 (we are forecasting +1.5% in Q1 at present). In this context, profitability should continue to improve in 2020 and 2021,...
Underlying
Metropole Television SA

Co. is engaged in the media industry, primarily television edition & broadcasting. Co.'s operations can be divided into three segments. In the Free-to-Air segment, Co. operates a Free-to-Air terrestrial TV network, financed exclusively by advertising. In the Digital TV segment, Co. broadcasts many digital channels. In the Diversification & audiovisual rights segment, Co. purchases audiovisual rights. Co. is also engaged in distance-selling business, allows viewers to play an active role in the unfolding of programs proposed to them, develops mobile phone content; publishes a family of websites, organizes events & shows, & manages football Club des Girondins de Bordeaux.

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
Jerôme Bodin

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