After poor 9 months trends, TF1 produced Q4 total revenues down 3.9%, mainly hurt by a further decline of 1.4% for FTA advertising revenues (coming after -4.2% in Q3, +0.4% in Q2 and +3.2% in Q1) within a depressed macro-economic environment. *For the full-year, total revenues reached nearly €2bn, down 4.2%* and in line with our forecasts. The OP was €158m, up €42m from the previous year, reflecting a *7.9% operating margin up by 230bp* compared with FY14 (5.6%) and above our e
22 Feb 2016
In the absence of any lasting improvement in the French economy...
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In the absence of any lasting improvement in the French economy...
Television Francaise 1 SA (TFI:PAR) | 0 0 -0.1% | Mkt Cap: 2,455m
- Published:
22 Feb 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
After poor 9 months trends, TF1 produced Q4 total revenues down 3.9%, mainly hurt by a further decline of 1.4% for FTA advertising revenues (coming after -4.2% in Q3, +0.4% in Q2 and +3.2% in Q1) within a depressed macro-economic environment. *For the full-year, total revenues reached nearly €2bn, down 4.2%* and in line with our forecasts. The OP was €158m, up €42m from the previous year, reflecting a *7.9% operating margin up by 230bp* compared with FY14 (5.6%) and above our e