TF1 : Robust Q3 results confirming the rebound
>Q3 figures well ahead of forecasts driven by advertising - TF1 reported better than expected Q3 earnings last night, showing 6.6% growth in advertising revenue whereas we were forecasting +2.5%. Q3 EBIT was also higher than expected at €23.7m (vs -€0.3me). Momentum in advertising was excellent during the quarter, driven not only by the hike in advertising revenue generated by the World Cup, but also the contribution from telecoms operators. The main point was that ...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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