2019 was a good year despite a tough Q4 19 for TV advertising. In 2019, broadcasting revenue (71% of revenue) was rather stable (-0.2%) and included lower advertising revenue (-1.3%) that has to be tempered by the high comparative in 2018 (Men’s Football World Cup in 2018). The current operating margin rate was 10.9% of revenue (+2.2pt), of which 10.5% (+1.9pt) in broadcasting. Studios & Entertainment contributed strongly to group earnings, above expectations. 2020 guidance is uncha
17 Feb 2020
Margin improvement, Digital in reorganisation
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Margin improvement, Digital in reorganisation
Television Francaise 1 SA (TFI:PAR) | 0 0 -0.1% | Mkt Cap: 2,455m
- Published:
17 Feb 2020 -
Author:
Hélène Coumes -
Pages:
3
2019 was a good year despite a tough Q4 19 for TV advertising. In 2019, broadcasting revenue (71% of revenue) was rather stable (-0.2%) and included lower advertising revenue (-1.3%) that has to be tempered by the high comparative in 2018 (Men’s Football World Cup in 2018). The current operating margin rate was 10.9% of revenue (+2.2pt), of which 10.5% (+1.9pt) in broadcasting. Studios & Entertainment contributed strongly to group earnings, above expectations. 2020 guidance is uncha