Oddo BHF - ProSiebenSat.1 Media SE (PSM) ProSiebenSat.1 Media SE : ProSiebenSat.1 Media SE

Report

Oddo BHF

Jerôme Bodin

ProSiebenSat.1 Media SE : ProSiebenSat.1 Media SE

>An improvement in Q4 vs Q3, cost savings should become visible in 2024 - Pro7Sat1 has published Q3 results in line with our forecasts with EBITDA of € 110m (consensus at € 104m and ODDO BHF at € 110m). The advertising in trend was a shade more challenging than expected in Germany (-5% vs Q3). The group held a conference call during which it confirmed an advertising trend that was still negative in Q4 in TV but which should be offset by growth in the digital segment. ...

15/11/2023 1 EN

Underlying

ProSiebenSat.1 Media SE

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.

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DE000PSM7770 Germany

Provider

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.

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Analysts

Jerôme Bodin

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ProSiebenSat.1 Media SE : ProSiebenSat.1 Media SE

ODDO : Olympic Games and Euro 2024: a limited economic impact but an opportunity nonetheless for several sectors – six stocks to favour ahead of the events

ODDO : Jeux Olympiques et Euro 2024 : un impact économique limité mais une opportunité sur de nombreux secteurs – 6 valeurs à privilégier en amont

ProSiebenSat Media SE: 2 directors

France: modest growth, fiscal stability at risk

France : un peu de croissance, pas de stabilité budgétaire

But : Nouvelle émission obligataire avec intégration de Conforama

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