Report
Jerôme Bodin

Mediaset Espana : Very good 2020 results and 2021 should be better despite a challenging start to the year but no dividend

>Stock remains one of the most attractive in the European broadcasting segment - Mediaset’s 2020 results, reported yesterday, topped expectations (EBITDA of € 253m vs our estimate of €  231m and we were the most optimistic of the consensus). The group once again demonstrated its ability to optimise its cost base. Management delivered a cautious message on the T1 and mentioned a contraction of 7% in January/February. We maintain our Outperform rating with a target pr...
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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