RTL Group : Tough advertising trend in Germany in Q1
>Neutral rating maintained - RTL Group’s full-year 2022 results, reported yesterday, fell slightly short of our forecasts but were in line with the group’s guidance. EBITA came in at € 1.083bn vs € 1.115bn expected, the main difference being at the level of RTL Deutschland following a tougher-than-expected advertising trend in Q4 which we had partially factored in. The group also held a conference call in which it indicated a challenging advertising trend in Q1 in Ger...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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