Report
Jerôme Bodin

MFE B shares : Brisk advertising momentum should continue in Q3

>Underperform rating reiterated - MFE reported its 2024 interim results above our expectations with H1 EBIT of € 136m vs € 115m forecast by ODDO BHF and € 128m by the consensus. This is mainly due to a 53% rise in EBIT in Italy to € 60m, underpinned by tight control of costs. Note that the group had already provided indications on the advertising trend, so this came as no surprise. Growth in the group’s advertising came to +8.5% in Q2 in Italy and +9% in Spain. MFE’s ...
Underlying
MEDIASET NV

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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