ProSiebenSat.1 Media SE : Slight adjustment of our expectations following a satisfactory Q3
>Neutral recommendation maintained - Pro7Sat1 held a conference call yesterday morning following the release of its Q3 2020 results. The group provided a new indication on the trend in advertising, notably citing a good start to November, but remains very cautious in view of a possible rapid deterioration in the wake of the resurgence of the epidemic. The message is broadly in line with our expectations. We have revised up our EBITDA expectations slightly following th...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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