ProSiebenSat.1 Media SE : A good advertising trend in Q1 and for 2024
>Outperform recommendation reiterated - Pro7Sat1 held a conference call following the publication of FY 2023 results which beat our forecasts in terms of EBITDA. Growth in advertising in Germany was stable in Q4 whereas we had forecasts a slight 0.5% increase. This represents an improvement vs Q3 (-5%). However, this Q4 performance should be seen in the context of a very favourable comparison base since the decline was 12% last year. This situation therefore demonstra...ProSiebenSat.1 Media is a holding company engaged as a media corporations in Europe, with TV stations in Germany, Austria and Switzerland. Co.'s core business consists of free TV financed by advertising. Co. also owns an international production network along with digital and ventures portfolio. In addition, Co. is engaged as online seller of video content on the internet. Also, Co. is involved in the online games business and operates an e-commerce portfolio. Through its Red Arrow Entertainment Group, Co. produces international TV programs and sells them to TV stations worldwide. Co. has three segments: Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales.
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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