Taking the opportunity of its 9 months 2017 Trading Statement, ITV reiterated its FY17e guidance for its broadcasting division’s revenues outperforming the TV ad market with ITV Family Net Advertising Revenues (NAR) anticipated to be down 5% (slightly worse than our own -4.5% and reflecting UK economic uncertainty). The group also still expects ITV Studios to deliver “good organic revenue growth” and a flat operating profit. The £25m savings are on track and will be ad
14 Nov 2017
Still evolving within a tough domestic environment
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Still evolving within a tough domestic environment
ITV PLC (ITV:LON) | 73.9 0.4 0.7% | Mkt Cap: 2,984m
- Published:
14 Nov 2017 -
Author:
Véronique Cabioc'h - Pages:
Taking the opportunity of its 9 months 2017 Trading Statement, ITV reiterated its FY17e guidance for its broadcasting division’s revenues outperforming the TV ad market with ITV Family Net Advertising Revenues (NAR) anticipated to be down 5% (slightly worse than our own -4.5% and reflecting UK economic uncertainty). The group also still expects ITV Studios to deliver “good organic revenue growth” and a flat operating profit. The £25m savings are on track and will be ad