ProSiebenSat.1 Media SE : No major surprises in final Q2 2021 results. Advertising trend still positive in Q3
>Confirmation of preliminary results published on 18 July - Yesterday, Pro7Sat1 published final results for Q2 that held no major surprises given that the group had already released preliminary figures on 18 July. Q2 organic growth was +55% whilst we had forecast +50% prior to the preliminary results release. The group is maintaining the guidance for 2021 EBITDA that was issued in July at ~€ 820m (vs € 750-800m). We are still a shade more optimistic at € 834m for 2021...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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