Report
Jerôme Bodin

Mediaset Espana : La tendance publicitaire reste solide mais remontée des coûts

>Une valorisation toujours aussi attractive avec un VE/EBITDA de 3x - Mediaset España a publié hier ses résultats T2 inférieurs à notre attente sur l’EBITDA. Le principal écart s’explique par la base de coûts qui est supérieure à notre attente. Le management a indiqué une tendance publicitaire solide pendant l’été et un nveau de CA supérieur à celui de 2019. Toutefois, nous relevons nos attentes de coûts pour 2021. Ce qui nous conduit à abaisser notre attente d’EBITDA...
Underlying
Mediaset Espana Comunicacion SA

Gestevision Telecinco is a television network company based in Spain. Co. heads a group of dependent companies, which form the Telecinco Group. Through its subsidiaries, Co. is engaged in the management and commercial exploitation of a television network. Co.'s television network acquires, produces, and distributes audiovisual content. Co. also sells the network advertising airtime, carried out by its subsidiary. In addition, Co. is involved in the sale of other advertising products; production of news programs; the production and sale of audiovisual property rights; and teleshopping.

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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