ProSiebenSat.1 Media SE : Q1 results slightly better and Q2 indications in line with our scenario
>Q1 2020 results slightly better and a reassuring message on costs - Pro7Sat1's preliminary Q1 results, reported yesterday evening, were slightly better than we expected (EBITDA of € 157m, vs our € 152m forecast). These were not expected. The difference is mainly down to a less severe decline in advertising than expected (-4% vs -6%). The group confirmed a difficult month in April (-40% for TV advertising) but the situation is a little better than in other countries ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.