TF1 : EBITA T3 supérieur aux attentes sous l’effet d’une bonne gestion des coûts
>Opinion Surperformance réitérée - TF1 a publié hier ses résultats du T3, ressortis supérieurs aux attentes avec un EBITA de 69 M€ alors que nous tablions sur 46 M€ et les consensus sur 38 M€. La principale différence avec nos attentes s’explique par les coûts qui ressortent largement inférieurs à nos attentes, en baisse d’environ 6%, mais aussi par la cession d’une licence de marque. La croissance publicitaire TV ressort à -4,2% inférieurs à nos attentes de-3,5%. Le...Television Francaise 1 is a French general-interest television channel. Co. is an integrated communications group. Its activities cover the whole of the audiovisual industry: upstream in production, acquisition and sale of audiovisual rights and also in distribution of feature films to cinemas; downstream in sale of advertising space, and publishing and distribution of DVDs and music CDs. Co. is also engaged in home-shopping TV with Teleshopping, and pay-TV market. In addition, Co. produces multimedia content. Its activities can be divided into four sectors: Broadcasting France, Broadcasting International, Audiovisual Rights and Other Activities.
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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