TF1 had lower advertising in Q3 19 (-5.6% vs -2.3% in Q2 19, +2.6% in Q1 19) bearing in mind the positive effect of the final phase of the men’s Football World Cup last year (+6.6% in Q3 18). Nonetheless, disregarding this item, advertising in Broadcasting looks weak. In 9m 19, the current operating margin surged to 11.4% of revenue (+3.4pts). Guidance of double-digit current operating margin is confirmed for 2019.
31 Oct 2019
Weak Q3 19 including an unfavourable comparative
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Weak Q3 19 including an unfavourable comparative
Television Francaise 1 SA (TFI:PAR) | 0 0 -0.1% | Mkt Cap: 2,455m
- Published:
31 Oct 2019 -
Author:
Hélène Coumes -
Pages:
3
TF1 had lower advertising in Q3 19 (-5.6% vs -2.3% in Q2 19, +2.6% in Q1 19) bearing in mind the positive effect of the final phase of the men’s Football World Cup last year (+6.6% in Q3 18). Nonetheless, disregarding this item, advertising in Broadcasting looks weak. In 9m 19, the current operating margin surged to 11.4% of revenue (+3.4pts). Guidance of double-digit current operating margin is confirmed for 2019.