Report
Jerôme Bodin

TF1 : Feedback from road show in Paris: an encouraging message on trends

>In our view, momentum will be just as favourable until the end of the year - Yesterday, we held a virtual road show with TF1. Management confirmed a positive and encouraging trend for September and Q3. We are raising our advertising estimates for this quarter to +0.5% (vs -4.5%), resulting in an upward revision to our EBIT forecast (€ 157m vs € 140m). This forecast is still far above the consensus (€ 130m in our view). Momentum remains favourable, signalling the begi...
Underlying
Television Francaise 1 SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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