Report
Jerôme Bodin

Mediaset Espana : Q2 slightly above expectations, Neutral vs Reduce

>Slowdown on the market but strong resilience in earnings - Yesterday evening Mediaset Espana reported Q2 results that came in slightly above forecasts (Q2 EBITDA of € 92m vs € 86m expected). The group issued a positive message but was a little more cautious on advertising trends. Following the strong fall in the share price since the start of the year (-27%) and given the now low valuation, we upgrade our recommendation to Neutral from Reduce. We still have a positiv...
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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