ProSiebenSat.1 Media SE : Q2 preview, our forecasts for 2020 and 2021 revised
>Neutral recommendation unchanged, advertising momentum remains lacklustre for the time being - For the publication of our of Q2 estimates, we have revised down our earnings forecasts for 2020 and 2021. We think that the advertising market will be more difficult than anticipated in Q2 with a very slight upturn in June. In our opinion, the German TV market therefore appears more difficult than the French market over recent months. For Pro7Sat1, we forecast a 36.5% de...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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