RTL Group : Advertising situation a little tougher, full-year guidance adjusted
>Neutral rating reiterated - RTL Group published on Friday morning its H1 results, slightly above estimates with EBITA of € 501m vs € 495m for the consensus. During the conference call, management conveyed a cautious message on the rest of the full year and underlined a lack of visibility. It accordingly lowered its full-year EBITA guidance. Due to the situation on the advertising markets and in particular in Germany, we are lowering our earnings estimates for FY 2022...RTL Group is a holding company. Co. through its subsidiaries is engaged in the operation of television and radio broadcasting services, television content production and distribution. Co. has interests in 40 television channels and 33 radio stations in 11 countries. Co. is involved in television content production, such as talent and game shows, drama and daily soap operas, through its subsidiary, FremantleMedia. Co. also provides services in the digital entertainment environment, including online games, community and dating services, as well as user-generated content exchange platforms.
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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