ProSiebenSat.1 Media SE : Strategic update, focus on Avod and Joyn confirmed
>Neutral recommendation reiterated - Yesterday, Pro7Sat1 presented a strategic update, albeit without providing any major information. Management held an analysts’ meeting. Full-year results were not published but should be within the next 6 weeks. The entertainment division (TV and Digital) will be at the core of the group with the Joyn platform at its heart. This has already been the case for several quarters. Therefore this is not really a change of direction but ...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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