reports
- Jean Danjou
- Oliver Metzger
ALFOC FOCUS HOME INTERACTIVE SA
NK IMERYS SA
EURN EURONAV NV
TFI TELEVISION FRANCAISE 1 SA
POM PLASTIC OMNIUM SE
STF STEF
ALCLA CLASQUIN SA
A1XAEB QUANTUM GENOMICS
ASY ASSYSTEM SA
CGM CEGEDIM SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
GMM GRAMMER AG
FIE FIELMANN AG
MBWS MARIE BRIZARD WINE & SPIRITS SA
SOC SUBSEA 7 S.A.
CTAC CTAC N.V.
VIS VISCOFAN S.A.
SESL SES-IMAGOTAG SA
CIE CIE AUTOMOTIVE S.A.
BRNL BRUNEL INTERNATIONAL N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
INSD VERIMATRIX SA
CSM CORBION NV
COFA COFACE SA
LNSX SIXT LEASING AG
SPIE SPIE SA
TEC TECHNIPFMC PLC
BFSA BEFESA SA
SAB BANCO DE SABADELL SA
2CRSI 2CRSI SA
RBO ROCHE BOBOIS INTERNATIONAL SAS
WAVE WAVESTONE SA
MS MEDIASET NV
- Jean Danjou
- Oliver Metzger
ALFOC FOCUS HOME INTERACTIVE SA
NK IMERYS SA
EURN EURONAV NV
TFI TELEVISION FRANCAISE 1 SA
POM PLASTIC OMNIUM SE
STF STEF
ALCLA CLASQUIN SA
A1XAEB QUANTUM GENOMICS
ASY ASSYSTEM SA
CGM CEGEDIM SA
LSS LECTRA SA
PGS PGS ASA
A1XA4J CARBIOS SA
GMM GRAMMER AG
FIE FIELMANN AG
MBWS MARIE BRIZARD WINE & SPIRITS SA
SOC SUBSEA 7 S.A.
CTAC CTAC N.V.
VIS VISCOFAN S.A.
SESL SES-IMAGOTAG SA
CIE CIE AUTOMOTIVE S.A.
BRNL BRUNEL INTERNATIONAL N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
INSD VERIMATRIX SA
CSM CORBION NV
COFA COFACE SA
LNSX SIXT LEASING AG
SPIE SPIE SA
TEC TECHNIPFMC PLC
BFSA BEFESA SA
SAB BANCO DE SABADELL SA
2CRSI 2CRSI SA
RBO ROCHE BOBOIS INTERNATIONAL SAS
WAVE WAVESTONE SA
MS MEDIASET NV
- Jerôme Bodin
Mediaset : No surprise in 2021 results, beginning of the year reflects...
>Underperform recommendation reiterated - Mediaset yesterday reported its definitive 2021 results. The group had already published its main financial indicators on 1 March, which were slightly below our expectations. The group held a conference call following the publication. Management indicated advertising growth of 2% in Q1, in line with our forecast. Note that the group is due to publish its Q1 results on 24 May. Our 2022 and 2023 forecasts are unchanged. We reit...
- Jerôme Bodin
Mediaset : Résultats 2021 finaux sans surprise, début d’année en crois...
>Opinion Sous-performance réitérée - MFE a publié hier ses résultats définitifs 2021. Il avait déjà publié ses principaux indicateurs financiers le 1er mars qui étaient ressortis légèrement inférieurs à notre attente. Le groupe a tenu sa conférence téléphonique dans la foulée. Le groupe a indiqué une croissance publicitaire de 2% au T1, ce qui est conforme à notre attente. Rappelons qu’il publiera ses résultats T1 le 24/05. Nos attentes 2022 et 2023 sont inchangées. ...
- Jerôme Bodin
- Jerôme Bodin
AC ACCOR SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
MTX MTU AERO ENGINES AG
TFI TELEVISION FRANCAISE 1 SA
AGN AEGON NV
PSM PROSIEBENSAT.1 MEDIA SE
ZAL ZALANDO SE
RTLL RTL GROUP S.A.
ACKB ACKERMANS & VAN HAAREN NV
MMT METROPOLE TELEVISION SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
TL5 MEDIASET ESPANA COMUNICACION SA
BIM BIOMERIEUX SA
MS MEDIASET NV
- Jerôme Bodin
- Jerôme Bodin
AC ACCOR SA
MC LVMH MOET HENNESSY LOUIS VUITTON SE
MTX MTU AERO ENGINES AG
TFI TELEVISION FRANCAISE 1 SA
AGN AEGON NV
PSM PROSIEBENSAT.1 MEDIA SE
ZAL ZALANDO SE
RTLL RTL GROUP S.A.
ACKB ACKERMANS & VAN HAAREN NV
MMT METROPOLE TELEVISION SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
TL5 MEDIASET ESPANA COMUNICACION SA
BIM BIOMERIEUX SA
MS MEDIASET NV
- Jerôme Bodin
ODDO : Qu’attendre des T1 2022 pour les TV européennes ?
>Une tendance pour le moment toujours positive - Nous faisons un point sur nos prévisions T1 2022 pour les diffuseurs TV de trois pays européens qui publieront ces prochaines semaines : France (TF1 et M6), Espagne (Mediaset Espana et Atresmedia) et Allemagne (Pro7Sat1). MFE (Italie) publiera ses résultats T1 plus tard. Nous tablons sur un trimestre correct en moyenne en Europe avec toutefois une forte divergence entre les pays. Le marché allemand devrait ressortir en ...
- Jerôme Bodin
ODDO : What to expect from European TV groups’ Q1 2022 results?
>Trends still positive for now - This note provides an update on our Q1 2022 forecasts for the TV broadcasters due to report in the next few weeks in three European countries: France (TF1 and M6), Spain (Mediaset Espana and Atresmedia) and Germany (Pro7Sat1). MFE (Italy) will report its Q1 results later. We expect a decent quarter on average in Europe, albeit with highly contrasting trends from country to country. The German market is set to show strong growth but Spa...
- Baptiste Salaville
- Jerôme Bodin
- Marc Lavaud
SOP SOPRA STERIA GROUP SA
ATO ATOS SE
GTT GAZTRANSPORT & TECHNIGAZ SA
DVT DEVOTEAM SA
EXE EXEL INDUSTRIES SA
TFI TELEVISION FRANCAISE 1 SA
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
MKEA MAUNA KEA TECHNOLOGIES SA CLASS O
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
RTLL RTL GROUP S.A.
ORDI ORDINA N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MMT METROPOLE TELEVISION SA
GNFT GENFIT SA
ASRNL ASR NEDERLAND NV
ONTEX ONTEX GROUP N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
DKG DEUTSCHE KONSUM REIT-AG
TL5 MEDIASET ESPANA COMUNICACION SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
RUI RUBIS SCA
REY REPLY S.P.A.
DMP DERMAPHARM HOLDING SE
JB7 DEUTSCHE INDUSTRIE REIT AG
WAVE WAVESTONE SA
NVM NOVEM GROUP SA
MS MEDIASET NV
- Baptiste Salaville
- Jerôme Bodin
- Marc Lavaud
WCH WACKER CHEMIE AG
PROX PROXIMUS SA DE DROIT PUBLIC
SOP SOPRA STERIA GROUP SA
ATO ATOS SE
COV COVIVIO SA
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
DVT DEVOTEAM SA
TFI TELEVISION FRANCAISE 1 SA
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
OPN GROUPE OPEN SA
ATE ALTEN SA
REE RED ELECTRICA CORP. SA
CAP CAPGEMINI SE
RTLL RTL GROUP S.A.
ORDI ORDINA N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MMT METROPOLE TELEVISION SA
STMN STRAUMANN HOLDING AG
ASRNL ASR NEDERLAND NV
ONTEX ONTEX GROUP N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
SAN BANCO SANTANDER S.A.
DKG DEUTSCHE KONSUM REIT-AG
TL5 MEDIASET ESPANA COMUNICACION SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
REY REPLY S.P.A.
DMP DERMAPHARM HOLDING SE
JB7 DEUTSCHE INDUSTRIE REIT AG
WAVE WAVESTONE SA
NVM NOVEM GROUP SA
MS MEDIASET NV
- Baptiste Salaville
- Jerôme Bodin
- Marc Lavaud
ATO ATOS SE
GTT GAZTRANSPORT & TECHNIGAZ SA
DVT DEVOTEAM SA
EXE EXEL INDUSTRIES SA
TFI TELEVISION FRANCAISE 1 SA
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
MKEA MAUNA KEA TECHNOLOGIES SA CLASS O
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
RTLL RTL GROUP S.A.
ORDI ORDINA N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MMT METROPOLE TELEVISION SA
GNFT GENFIT SA
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
TL5 MEDIASET ESPANA COMUNICACION SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
RUI RUBIS SCA
REY REPLY S.P.A.
WAVE WAVESTONE SA
MS MEDIASET NV
- Baptiste Salaville
- Jerôme Bodin
- Marc Lavaud
WCH WACKER CHEMIE AG
PROX PROXIMUS SA DE DROIT PUBLIC
SOP SOPRA STERIA GROUP SA
ATO ATOS SE
COV COVIVIO SA
ML COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
DVT DEVOTEAM SA
TFI TELEVISION FRANCAISE 1 SA
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
SX CS GROUP SA
SQI SQLI SA
SWP SWORD GROUP SE
PSM PROSIEBENSAT.1 MEDIA SE
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
OPN GROUPE OPEN SA
ATE ALTEN SA
REE RED ELECTRICA CORP. SA
CAP CAPGEMINI SE
RTLL RTL GROUP S.A.
ORDI ORDINA N.V.
TIETO TIETOEVRY OYJ
COK CANCOM SE
BC8 BECHTLE AG
MMT METROPOLE TELEVISION SA
STMN STRAUMANN HOLDING AG
ASRNL ASR NEDERLAND NV
ONTEX ONTEX GROUP N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
SAN BANCO SANTANDER S.A.
DKG DEUTSCHE KONSUM REIT-AG
TL5 MEDIASET ESPANA COMUNICACION SA
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
REY REPLY S.P.A.
DMP DERMAPHARM HOLDING SE
JB7 DEUTSCHE INDUSTRIE REIT AG
WAVE WAVESTONE SA
NVM NOVEM GROUP SA
MS MEDIASET NV
- Jerôme Bodin
ODDO : What to expect from Q4 in television?
>No surprises in Q4, lacklustre and impacted by automobile and food - As we do every quarter, we propose an update on the advertising market for the current quarter, and therefore Q4. Our scenario is broadly unchanged, i.e. a relatively lacklustre quarter although with a slightly greater difference between countries than we had expected. Whilst the trend is decent in France (+1.5%) in our view, stable in Germany (+0.5%) and Italy, it looks slightly more difficult tha...
- Jerôme Bodin
ODDO : Qu’attendre du T4 en télévision ?
>Un T4 sans surprise, mou et impacté par l’automobile et l’alimentaire - Comme nous le faisons tous les trimestres, nous proposons un point sur le marché publicitaire pour le trimestre en cours et donc le T4. Notre scénario est globalement inchangé, à savoir un trimestre plutôt mou avec toutefois un peu plus d’écart que nous ne l’attendions entre les pays. Si la tendance nous semble correcte en France (+1.5%), stable en Allemagne (+0.5%) et Italie (+1%), elle nous sem...
- Emira Sagaama
- Jerôme Bodin
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/15/2021
Encouraged by the success with SQLI, we are updating our M&A list for 2022. Like last year, we quizzed our analysts for their ideas on potential targets. A sign of the times, energy (oil, oil services, power generation) emerged as the winner, with 32% of mentions. It is followed by technology (14%) in the broad sense and real estate (11%). Overall, we counted 27 targets, of which 6, combining a high degree of confidence and an Outperform recommendation, stood out: Fugro, Lundin Energy...
AC ACCOR SA
VIE VEOLIA ENVIRONNEMENT SA
UBI UBISOFT ENTERTAINMENT SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
RDSA ROYAL DUTCH SHELL PLC CLASS A
TFI TELEVISION FRANCAISE 1 SA
PSM PROSIEBENSAT.1 MEDIA SE
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
KER KERING SA
ENI ENI S.P.A.
REP REPSOL SA
RTLL RTL GROUP S.A.
MMT METROPOLE TELEVISION SA
ACCEL ACCELL GROUP N.V.
ONTEX ONTEX GROUP N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TL5 MEDIASET ESPANA COMUNICACION SA
BP. BP P.L.C.
MS MEDIASET NV
- Emira Sagaama
- Jerôme Bodin
ODDO BHF Small & MIDCAP MORNING NEWS - 12/15/2021
Encouraged by the success with SQLI, we are updating our M&A list for 2022. Like last year, we quizzed our analysts for their ideas on potential targets. A sign of the times, energy (oil, oil services, power generation) emerged as the winner, with 32% of mentions. It is followed by technology (14%) in the broad sense and real estate (11%). Overall, we counted 27 targets, of which 6, combining a high degree of confidence and an Outperform recommendation, stood out: Fugro, Lundin Energy...
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
RDSA ROYAL DUTCH SHELL PLC CLASS A
SOP SOPRA STERIA GROUP SA
TFI TELEVISION FRANCAISE 1 SA
TNG TRANSGENE SA
ABVX ABIVAX SA
PSM PROSIEBENSAT.1 MEDIA SE
GBT GUERBET SA
ELG ELMOS SEMICONDUCTOR SE
TRI TRIGANO SA
ENI ENI S.P.A.
REP REPSOL SA
RTLL RTL GROUP S.A.
MMT METROPOLE TELEVISION SA
ACCEL ACCELL GROUP N.V.
MCPHY MCPHY ENERGY SA
ONTEX ONTEX GROUP N.V.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
TL5 MEDIASET ESPANA COMUNICACION SA
BP. BP P.L.C.
MS MEDIASET NV
- Emira Sagaama
- Jerôme Bodin
ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/12/2021
Encouragé par le succès rencontré avec SQLI, nous mettons à jour notre liste M&A pour 2022. Comme l’an passé nous avons interrogé nos analystes sur leurs idées de cibles potentielles. Signe des temps, l’énergie (pétrole, services pétroliers, production d’électricité) rafle la mise avec 32% des mentions. Il est suivi par la technologie (14%) au sens large et l’immobilier (11%). Globalement nous recensons 27 cibles dont 6, combinant degré de confiance élevé et recommandation Surperforma...
AC ACCOR SA
VIE VEOLIA ENVIRONNEMENT SA
UBI UBISOFT ENTERTAINMENT SA
EQNR EQUINOR ASA
GALP GALP ENERGIA SGPS SA CLASS B
RDSA ROYAL DUTCH SHELL PLC CLASS A
TFI TELEVISION FRANCAISE 1 SA
PSM PROSIEBENSAT.1 MEDIA SE
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
KER KERING SA
ENI ENI S.P.A.
REP REPSOL SA
RTLL RTL GROUP S.A.
MMT METROPOLE TELEVISION SA
ACCEL ACCELL GROUP N.V.
ONTEX ONTEX GROUP N.V.
ITX INDUSTRIA DE DISENO TEXTIL S.A.
A3TV ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA
CFR COMPAGNIE FINANCIERE RICHEMONT SA
TL5 MEDIASET ESPANA COMUNICACION SA
BP. BP P.L.C.
MS MEDIASET NV
- Jerôme Bodin
ODDO : The decline in TV viewing time accelerates - for what reasons?
>The November data shows a decline in viewing time: platform effect? - TV viewing time has once again fallen sharply over the last few months in Europe. For November 2021, the decline was 14% in Spain and 17% in France vs 2020, but it is above all the clear decline vs 2019 that is striking. In both Spain and France, this indicator has been down vs 2019 since June. This situation is naturally concerning for investors following the TV segment as the downturn is a synony...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.