M6 : Résultats un peu supérieurs, T3 difficile mais premier rapport défavorable sur la fusion avec TF1
>Opinion Surperfomance réitérée – visibilité réduite sur la fusion avec TF1 - M6 a publié hier ses résultats du S1 supérieurs aux attentes avec un EBITA de 161 M€ alors que nous tablions sur 154 M€ (consensus à 153 M€). L’écart avec nos attentes provient principalement du pôle radio. La croissance publicitaire au T2 est ressortie à -5,3% (vs -5% attendus). L’effet de base était difficile (+84% au T2 2021) avec la diffusion de l’Euro 2021 l’année passée. Il semble que ...Co. is engaged in the media industry, primarily television edition & broadcasting. Co.'s operations can be divided into three segments. In the Free-to-Air segment, Co. operates a Free-to-Air terrestrial TV network, financed exclusively by advertising. In the Digital TV segment, Co. broadcasts many digital channels. In the Diversification & audiovisual rights segment, Co. purchases audiovisual rights. Co. is also engaged in distance-selling business, allows viewers to play an active role in the unfolding of programs proposed to them, develops mobile phone content; publishes a family of websites, organizes events & shows, & manages football Club des Girondins de Bordeaux.
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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