Report
Jerôme Bodin

ODDO : Preview T2 pour TF1/M6 : une fin de trimestre plus difficile qu’attendu, légère révision en baisse de nos attentes

>Un ralentissement probable en juin mais pas de nette rupture de tendance selon nous - Nous faisons un point préliminaire sur le T2 pour TF1 et M6. Certes le trimestre n’est pas encore terminé mais il nous semble que la fin du T2 est plus difficile qu’attendu. C’est pourquoi nous révisons en baisse nos attentes de CA publicitaire pour le T2 et donc nos attentes d’EBIT 2022 (-6% en moyenne). Après des mois d’avril et mai corrects, le mois de juin est plus difficile qu...
Underlyings
Metropole Television SA

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.

Television Francaise 1 SA

Television Francaise 1 is a French general-interest television channel. Co. is an integrated communications group. Its activities cover the whole of the audiovisual industry: upstream in production, acquisition and sale of audiovisual rights and also in distribution of feature films to cinemas; downstream in sale of advertising space, and publishing and distribution of DVDs and music CDs. Co. is also engaged in home-shopping TV with Teleshopping, and pay-TV market. In addition, Co. produces multimedia content. Its activities can be divided into four sectors: Broadcasting France, Broadcasting International, Audiovisual Rights and Other Activities.

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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