Report
MFE B shares : H1 lower than expected and Q3 in decline in advertising
>Underperform rating confirmed - MFE’s H1 2022 results, reported yesterday, came in well short of expectations with EBIT of € 112m vs € 140m expected. This was mainly due to advertising revenue which remained virtually flat (-0.1%) whereas we forecast growth of 1%. The group held a conference call in which it emphasised that the advertising trend is tough going throughout Europe in Q3 and for the year’s end due to the economic situation, inflation and the energy cris...
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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