Mediawan : Good H1 earnings, ongoing integration of targets
>Guidance reiterated and positive momentum for 2018 - Mediawan reported solid H1 2018 figures yesterday evening. Revenue came in at € 125m and EBITDA at € 30m, slightly short of our expectations. Revenue was characterised by the contribution from the acquisition of CC&C, Makever and Storia Television (former French fiction business of EuropaCorp).We note that the group has put in place a new organisational structure based around four business lines: Mediawan Anim...Mediawan was incorporated as a Special Purpose Acquisition Company for the purpose of acquiring one or more operating businesses or companies in the traditional and digital media content and entertainment industries in Europe. Through it's subsidiary, Groupe AB, Co. is an independent publisher, producer and distributor of audiovisual content in French-speaking Europe. Its main activities are producing and distributing TV series, TV films, cartoons and documentaries as well as publishing TV channels and related digital services. The group has a portfolio of 19 channels, which are distributed in French-speaking Europe and Africa.
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.
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