RTL Group : Q3 better than expected but tough advertising trend in Germany and guidance down slightly
>Better-than-expected Q3 but troubled outlook in advertising - RTL Group this morning released better-than-expected Q3 revenue of € 1,730m (we were forecasting € 1,580m). The quarter was affected by challenging advertising momentum in Germany but very good trends in the Netherlands. The group is not holding a conference call but has revised down its revenue guidance, citing a timing effect at Fremantle, and signalled that the lower end of its EBITA guidance is the mo...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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