Report
Jerôme Bodin

ProSiebenSat.1 Media SE : T2 meilleur qu’attendu, relèvement de la guidance d’EBITDA (qui reste prudente selon nous)

>Publication des résultats semestriels en avance - Pro7Sat1 a publié hier soir ses résultats préliminaires, ce qui n’était pas attendu. Le groupe relève sa guidance d’EBITDA 2021 à ~820 M€ (vs 750 / 800 M€) en raison d’une tendance publicitaire meilleure qu’attendu au T2 (+56% vs +50% attendus). L’effet de levier est naturellement très rapide conduisant à cette performance opérationnelle. Notre attente d’EBITDA 2021 était et reste supérieure à la guidance du groupe. N...
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.

Provider
Oddo BHF
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.

Analysts
Jerôme Bodin

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