TF1: confirms targets at investor day
(CercleFinance.com) - At its investor day, TF1 confirmed its aim to grow non-advertising activities of its five free-to-air channels, which are expected to represent at least one third of consolidated revenues in 2019.
Movements initiated in digital and production enable the TF1 group to reduce its dependence on the French TV advertising market by developing activities that offer both better visibility and greater flexibility, it explained.
The media group has also reiterated its targets to increase its current operating margin as of 2018 (excluding major sporting events), with a double-digit margin in 2019, with “The group is forecasting improved return on capital employed three years from now.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Movements initiated in digital and production enable the TF1 group to reduce its dependence on the French TV advertising market by developing activities that offer both better visibility and greater flexibility, it explained.
The media group has also reiterated its targets to increase its current operating margin as of 2018 (excluding major sporting events), with a double-digit margin in 2019, with “The group is forecasting improved return on capital employed three years from now.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.