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MFE B shares : Update on Q4 in Italy and Spain, adjustment to our forecasts
>Underperform rating reiterated - We are issuing an update on our forecasts for full-year 2023 for MFE in view of the latest indications on the TV advertising trend in 2023. The group is set to report its full-year earnings in April. The group announced on 31 January that it expects a +2.1% increase for advertising revenues in Italy, above our forecasts and the consensus. The advertising momentum is particularly strong in 2023, due mainly to a very positive Q4 (around...
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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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