Report
Jerôme Bodin

ProSiebenSat.1 Media SE : Petite amélioration du marché mais qui reste négatif

>Opinion Neutre réitérée - Nous réitérons notre opinion Neutre sur le titre pour deux principales raisons : 1/ une amélioration très lente de la tendance publicitaire, avec une baisse toujours significative en juillet (-20%). Nous craignons notamment que le mois de septembre affiche toujours un recul ; 2/ nous n’intégrons pas de prime spéculative à notre valorisation et ne croyons pas à une offre en cash de Mediaset. Précisons que l’éventuel blocage de MFE (suite à l...
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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