ProSiebenSat.1 Media SE : Full-year results in line but 2022 guidance a little disappointing, attributable to the e-commerce business
>2022 guidance slightly disappointing despite positive advertising momentum - Pro7Sat1 released its full-year results this morning and they came out in line with our forecasts. The group will hold a conference call at 2pm. Although the results themselves were in line, the 2022 guidance disappointed. We had until now forecast recurring EBITDA to reach € 881m in 2022 but the group is looking for € 840m. The consensus stood at € 863m, so we can expect some downward adjus...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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