Report
Jerôme Bodin

TF1 : Un T3 au-dessus des attentes et un consensus bien trop bas sur 2021

>Un bon T3 permettant à TF1 de poursuivre la remontée de sa marge - TF1 a publié hier ses résultats du T3 ressortis un peu supérieurs à notre attente avec un EBIT de 54 M€ alors que nous tablions sur 42 M€. La croissance publicitaire du T3 est ressortie à 4,5% (nous tablions sur +2,5%) grâce à une bonne tendance publicitaire durant les mois d’août et de juillet. Rappelons que l’effet de base n’est pas facile puisque le groupe avait affiché +8% en publicité l’année pas...
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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