RTL Group: Oddo confirms rating after results

(CercleFinance.com) - Oddo has confirmed its buy rating on the RTL Group share, along with its target price of 68 euros, after the group announced its results.


RTL Group yesterday published 2018 results that overall were in line with Oddo's expectations. The guidance 2019 is fairly upbeat regarding revenues, but the group expects EBITA to fall, the broker says.

Meanwhile, it expects 2018 EBITA of 715 million euros, above Oddo's estimate of 693 million euros.

The broker retains the following points from the group's publication: EBITA is slightly above its expectations at 1,171 million euros (vs. consensus of 1,189 million euros, with Oddo BHF expecting 1,152 million euros), while for RTL Deutschland, Q4 revenues are down 5.7%, Oddo says in its daily equity round-up.



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