Report
Jerôme Bodin

Mediaset Espana : Q3 in line with our forecasts and valuation still just as low

>A decent Q3, in line with our forecasts - Mediaset España reported yesterday Q3 results in line with our forecasts, including EBITDA of € 39.2m vs € 38m estimated. Advertising growth came to 2.9% in Q3 vs our forecast of +2.5%. We cut our estimates on 7 October because of a growth slowdown in September under the effect of difficulties in the automotive sector (+8% initially forecast). The group said that advertising growth should be fairly stable in October, but it d...
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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