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MFE B shares : A tougher advertising trend than expected at the end of the year
>Underperform rating maintained - MFE’s Q3 results, reported yesterday evening, fell short of our expectations, with EBIT of -€ 6.5m, vs our € 25m forecast. This was mainly due to a tougher advertising trend than we expected, with a drop of 10% (vs -7% estimated). Q3 is the smallest quarter of the year. The group also held a conference call in which it pointed to a tough advertising trend at the end of the year, specifically from mid-November to December, owing to th...
Underlying
MEDIASET NV
Provider
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.
Jerôme Bodin
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