Report
Jerôme Bodin

MFE B shares : Q1 in line with expectations, with ad growth of 2%, trend still positive in April

>Underperform rating maintained - MFE’s Q1 results, reported yesterday, were broadly in line with our expectations. The group also held a conference call in which it pointed to a still-positive trend in H1 in Italy. This is not surprising as most broadcasters indicated growth in April and May (except in Spain). We see the trend in Q1 continuing into April and May, notably advertising growth of 1.5% in Q2 given fairly challenging comps (+66% in Q2 2021). But June could...
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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