Group advertising revenue decreased by 26%, of which -28% organically for TV advertising revenue in H1 20, less than our estimates. The cost savings were significant (€92m) and represented 59% of the reduction in total revenue. M6 reiterated cost savings guidance of €100m in 2020 (vs €49m reached in H1 20).
30 Jul 2020
Significant cost savings
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Significant cost savings
Metropole Television SA (MMT:PAR) | 0 0 -0.1% | Mkt Cap: 2,842m
- Published:
30 Jul 2020 -
Author:
Hélène Coumes -
Pages:
3
Group advertising revenue decreased by 26%, of which -28% organically for TV advertising revenue in H1 20, less than our estimates. The cost savings were significant (€92m) and represented 59% of the reduction in total revenue. M6 reiterated cost savings guidance of €100m in 2020 (vs €49m reached in H1 20).