After a mixed H1 15 (with advertising revenues up only +0.6%), TF1 produced particularly poor Q3 results. Consolidated revenues were down 4.1% (after a 4.4% decline over H1 15) to €419.3m, as advertising sales dropped by 4.9% over the period. The recurring OP rose by 5.6% to €9.5m, i.e. a 2.3% margin slightly above a year ago (Q3 14 was 1.7%). For the first 9 months, total revenues amounted to €1,400m, down 4.3% (advertising revenues at €1,082.2m, or 77.3% of the total gro
29 Oct 2015
Disappointing Q3 15 and finally a poor FY15e ahead...
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Disappointing Q3 15 and finally a poor FY15e ahead...
Television Francaise 1 SA (TFI:PAR) | 0 0 -0.1% | Mkt Cap: 2,455m
- Published:
29 Oct 2015 -
Author:
Véronique Cabioc'h -
Pages:
3
After a mixed H1 15 (with advertising revenues up only +0.6%), TF1 produced particularly poor Q3 results. Consolidated revenues were down 4.1% (after a 4.4% decline over H1 15) to €419.3m, as advertising sales dropped by 4.9% over the period. The recurring OP rose by 5.6% to €9.5m, i.e. a 2.3% margin slightly above a year ago (Q3 14 was 1.7%). For the first 9 months, total revenues amounted to €1,400m, down 4.3% (advertising revenues at €1,082.2m, or 77.3% of the total gro