A director at Television Francaise(TF1) bought 39,000 shares at 7.182EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
>Outperform rating reiterated - Yesterday, TF1 published Q3 results that beat expectations with EBITA of € 69m vs our forecast of € 46m and € 38m for the consensus. The main difference with our forecasts stemmed from costs which came in well below our estimate, down by around 6% but also the divestment of a brand licences. Advertising growth in TV was -4.2%, below our forecast of -3.5% The group was mainly impacted by relatively demanding base effects after +7% in Q3...
>Opinion Surperformance réitérée - TF1 a publié hier ses résultats du T3, ressortis supérieurs aux attentes avec un EBITA de 69 M€ alors que nous tablions sur 46 M€ et les consensus sur 38 M€. La principale différence avec nos attentes s’explique par les coûts qui ressortent largement inférieurs à nos attentes, en baisse d’environ 6%, mais aussi par la cession d’une licence de marque. La croissance publicitaire TV ressort à -4,2% inférieurs à nos attentes de-3,5%. Le...
The outcome of the US presidential election hangs in the balance, but the momentum seems to be with Donald Trump since the beginning of October: the candidate is now in the lead in six of the seven swing states, has just overtaken Kamala Harris in the national vote while 63% of punters are tipping him to win. We recap in the present note on the European stocks to play or avoid in the event of Donald Trump's victory and have also listed European stocks with a production base in the US,...
Le scrutin présidentiel US reste incertain, mais le momentum semble être du côté de Donald Trump depuis début octobre : le candidat est désormais en tête dans 6 des 7 swing states, vient de dépasser Kamala Harris dans le vote national et est donné gagnant à 63% chez les parieurs. Nous rappelons les valeurs européennes à privilégier ou à éviter en cas de victoire de Donald Trump, et avons également listé les valeurs européennes ayant une base de production aux US, par nature moins expo...
>A difficult advertising trend in Q3 - Yesterday evening, M6 reported its Q3 2024 earnings which were below our forecasts with a -3.8% decline in advertising (vs our estimate of -1.5%). EBITA was € 37m, while we were expecting € 46m. The advertising trend was therefore somewhat difficult in Q3. The group was partly impacted by France Télévisions broadcasting the Olympic Games in France but also a demanding comparison base after +6.3% in Q3 2023. As a reminder, the gro...
>Une tendance publicitaire difficile sur le T3 - M6 a publié hier soir ses résultats du T3 2024 ressortis inférieurs à nos attentes avec une croissance publicitaire de -3,8% (nous attendions -1,5%). L’EBITA s’élève à 37 M€ alors que nous tablions sur 46 M€. La tendance publicitaire a été donc assez difficile sur le T3. Le groupe a été en partie impacté par la diffusion des JO par France Télévisions mais aussi par les effets de bases assez difficiles après +6,3% sur le...
NEUILLY SUR SEINE, France--(BUSINESS WIRE)-- Regulatory News: M6 Metropole Television (Paris:MMT) : 3ème trimestre 9 mois en M€ 2024 2023 M€ var. % var. 2024 2023 M€ var. % var. Chiffre d'affaires consolidé 278,8 296,0 -17,2 -5,8% 935,7 917,9 17,7 +1,9% Revenus publicitaires Groupe 22...
A director at M6-Metropole Television bought 18,584 shares at 12.338EUR and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
The long financial duration that Cellnex enjoys implies high sensitivity of the valuation to discount rates. After a long challenging two-year period, we now see a more favourable economic environment ahead. Factors such as the potential for interest rate cuts and inflation nearing Cellnex’s sweet spot, coupled with a strong organic performance and newly implemented strategic measures—particularly deleveraging and further efficiencies on both Opex and Capex—create a positive backdrop....
The long financial duration that Cellnex enjoys implies high sensitivity of the valuation to discount rates. After a long challenging two-year period, we now see a more favourable economic environment ahead. Factors such as the potential for interest rate cuts and inflation nearing Cellnex’s sweet spot, coupled with a strong organic performance and newly implemented strategic measures—particularly deleveraging and further efficiencies on both Opex and Capex—create a positive backdrop....
>Advertising momentum somewhat lacklustre, but not collapsing - We provide an update on our Q3 expectations for TF1 and M6. We forecast a slightly more subdued advertising trend due to several factors: base effect, somewhat lacklustre demand and tough base effect (related to the rugby world cup in 2023). We therefore expect advertising growth of -1.5% for M6 and -3% for TF1 in Q3. Q4 could see a sequential improvement due to more favourable base effects; however, dem...
>Un momentum publicitaire assez atone mais qui ne s’effondre pas - Nous faisons un point sur nos attentes T3 pour TF1 et M6. Nous tablons sur une tendance publicitaire « molle » en raison de plusieurs facteurs : effet de base, demande plutôt atone et effet de base difficile (lié à la Coupe du monde rugby en 2023). Nous tablons ainsi sur une croissance publicitaire de -1,5% pour M6 et de -3% pour TF1 au T3. Il est possible que le T4 soit en amélioration séquentielle c...
>Good advertising momentum driven by the Euro - TF1 yesterday reported Q2 2024 results that came in a shade below our expectations with Q2 EBITA of € 91.5m, whereas we looked for € 105m, but practically in line with the consensus (€ 94m). The main difference with our estimates stems from programming costs that were higher than we expected (Euro 2024 and investment in the launch of TF1+). The advertising trend was robust in Q2 driven by the Euro 2024 but also thanks to...
>Une bonne dynamique publicitaire portée par l’Euro - TF1 a publié hier ses résultats du T2 2024 ressortis inférieurs à nos attentes avec un EBITA T2 de 91,5 M€ alors que nous tablions sur 105 M€ mais pratiquement en ligne avec celle du consensus (94 M€). La principale différence avec nos attentes provient des coûts de programmes ressortis supérieurs à nos attentes (Euro 2024 et investissements dans le lancement de TF1+). La tendance publicitaire a été solide au T2 ti...
NEUILLY-SUR-SEINE, France--(BUSINESS WIRE)-- Regulatory News: M6 Métropole Télévision (Paris:MMT) : Conformément aux dispositions de l’article 221-4 IV du règlement général de l’AMF, nous vous indiquons que le rapport financier semestriel portant sur le semestre clos le 30 juin 2024 est disponible sur le site de la société dans la rubrique Finance/Information réglementée/Rapports. M6 Métropole Télévision est une société cotée sur Euronext Paris, compartiment A Code MMT, code ISIN : FR0000053225 Consultez la version source sur businesswire.com :
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