TF1 : H1 EBIT shatters expectations thanks to cost control
>Outperformance recommendation reiterated - TF1 reported Q2 2022 results after the closing bell yesterday. EBIT was € 129m, topping our estimate for € 82m. Quarterly advertising revenues dipped 1.4% (we expected -2.6%). In contrast, M6’s advertising revenues were down 5.3%. TF1 group is hosting its conference call today at 9am CET in which we expect it to provide more indications about the trends for Q3 and H2 and about the outlook for programming costs, which were hi...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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