(News Bulletin 247) – The group announced a turnover of 2.29 billion euros for the 1st quarter of 2023, up 3.3% year-on-year, including an increase of 2% at exchange rates and scope constant.
UBS estimates that the turnover is in line with that of the last quarter and confirms its advice to buy on the stock with a target of 15.4 E.
‘Revenues are up +2% organically at 2,290 ME against a consensus of 2,301 ME, with growth of Canal+ at +1.2% and Havas at +1.1%’ indicates the office of ‘analyzes.
UBS also highlights the signing of a put option with International Media Invest, a subsidiary of Daniel Kretinsky’s Czech holding company CMI, for the sale of 100% of Editis. This transaction is carried out as part of the proposed merger with Lagardère.
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