TF1 : Resilient advertising performance in Q4 but EBIT slightly short of our forecast
>Results slightly lower than we expected - TF1’s FY 2022 results, reported this morning, fell slightly short of our expectations, with EBIT of € 316m vs our forecast of € 336m. Advertising growth in Q4 came in at 1.5% (we expected +5%). The group benefited from the broadcast of the World Cup in Q4 which helped offset the challenging trend in the advertising market. The group is to hold its conference call this morning at 9.30am. This should provide more visibility on ...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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