TF1 : H1 2020 results above estimates thanks to programming costs
>H1 2020 results better than expected and conference call scheduled for 9.00 a.m. - TF1 this morning reported interim results well ahead of expectations, with EBIT of € 26m whereas we had been forecasting -€ 10m (consensus at -€ 23m). TF1 is holding its conference call this morning, which will likely provide an opportunity for the group to provide indications on the advertising trend. M6 indicated yesterday evening that the market was returning to normal (see our note...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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