Mediaset : Q3 2018 results a shade below expectations, trend remains positive in Q4
>Confirmation of a positive trend and the main guidance - Mediaset yesterday reported its Q3 2018 results, which were slightly below our expectations (EBIT of € 10m vs € 5m forecast). As expected, advertising growth was particularly dynamic at +3.5%. The group benefited from the broadcasting of the Football World Cup in July. Our forecasts are broadly unchanged following this publication. We reiterate our Neutral recommendation on the stock with a target price slight...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.
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