Report
MFE B shares : Advertising trend better than expected in Q4 and for 2024
>Underperform recommendation confirmed - Yesterday, MFE reported Q3 results that fell short of our forecast for EBIT, primarily due to Spain. The advertising trend was down, unsurprisingly, in line with our forecast of -1% for Q3 2023. As a reminder, comparison bases were favourable. The group held a conference call during which it indicated that Q4 is up and positive for the time being in Italy and that this trend should continue in 2024. This is due to the synergies...
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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