Report
Jerôme Bodin

Mediaset : A respectable start to Q1 but we forecast a hard scenario in Q2

>2019 results lower than expected with a tough Q4 in advertising - Key takeaways from these 2019 figures: 1/ Q4 advertising revenue came in at -7.2% while we were expecting -7%. We had slashed our expectations on 13 February. The Italian advertising market thus remained very tough in Q4. This quarter also points to a sequential decline in advertising (-3% in Q3). At the Q3 results release, the group had said that Q4 had got off to a positive start, with encouraging si...
Underlying
Mediaset S.p.A.

Mediaset S.p.A. is a joint stock company. Co.'s majority shareholder is Fininvest S.p.A. Mediaset is a multinational media group. Its core business is commercial television broadcasting in Italy and Spain. In Italy, Co. has two main areas of business: Integrated television operations and Network infrastructure services and management. In Spain, Co. is the main shareholder of Mediaset Espana, a Spanish commercial television broadcaster with two main general interest channels (Telecinco and Cuatro) and a range of six free-to-air thematic channels.

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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