Oddo BHF - ProSiebenSat.1 Media SE (PSM) ProSiebenSat.1 Media SE : Un T4 toujours en baisse sur la TV mais qui s’améliore séquentiellement

Report

Oddo BHF

Jerôme Bodin

ProSiebenSat.1 Media SE : Un T4 toujours en baisse sur la TV mais qui s’améliore séquentiellement

>Un T4 en amélioration vs le T3, les économies de coûts vont apparaitre en 2024 - Pro7Sat1 a publié ses résultats du T3 ressortis en ligne avec nos attentes avec un EBITDA de 110 M€ (consensus à 104 M€ et ODDO BHF à 110 M€). La tendance publicitaire est ressortie un peu plus difficile qu’attendu en Allemagne (-5% sur le T3). Le groupe a tenu une conférence téléphonique durant laquelle il a confirmé une tendance publicitaire toujours négative sur le T4 en TV mais qui s...

15/11/2023 1 FR

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 : Un T4 toujours en baisse sur la TV mais qui s’améliore séquentiellement

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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