Berenberg


Berenberg bullish on Viaplay launch plans for Baltic and Poland

Nordic Entertainment Group’s (NENT Group) prospects for success in the Baltic states and Poland have received a thumbs up from analysts at Berenberg. According to the analysts, NENT’s prospects for its forthcoming streaming launch in the Baltics, where it plans to roll out its Viaplay service in Q1 2021, are good. They cited the success […]

Eutelsat and SES: a tale of contrasting fortunes

Satellite operators Eutelsat and SES will experience contrasting fortunes in the near term, with Eutelsat positioned to fare better than its Luxembourg-based rival, according to analysts at Berenberg. According to Berenberg, Eutelsat and SES have diverged strategically over the last few years, with the Paris based operator focusing on generating free cash flow and cultivating […]

NENT Group ‘stands apart’ among broadcasters taking on streaming giants

Nordic Entertainment Group (NENT Group) stands on its own as an example of a broadcaster successfully making the transition to online media and competing with SVOD giants thanks to its strong content assets and – in particular – its “high-quality sports right portfolio”, according to analysts at Berenberg. Berenberg is highly positive about the prospects […]

Mediaset benefits from Italian ad recovery

Mediaset has benefited from a strong recovery in the Italian advertising market in the third quarter, with the broadcaster’s ad sales in the country bouncing back with 4.7% growth. Overall, Mediaset posted revenues for the first nine months of the year of €1.723 billion, down from €2.03 billion last year. Revenues in Italy were down […]

ProSiebenSat.1 sees strong recovery as ad market and e-commerce deliver

German broadcaster ProSiebenSat.1 saw a strong recovery in the third quarter, with revenues almost on par with 2019 thanks to a recovery in the ad market and a strong showing from online beauty and dating properties. The group posted revenues of €921 million, down from €926 million in 2019, with EBITDA up 13% to €149 […]

Eutelsat better placed than SES, says Berenberg

Satellite operator Eutelsat is a better bet for investors than rival player SES, according to analysts at Berenberg, who argue that the Paris-based operator’s video business and cash flow, bolstered by its recent contract renewal with anchor customer Sky Italia, place it in a stronger position than its Luxembourg-based competitor. Berenberg says that the Sky […]

Eutelsat delivers ‘robust’ results as broadcast business holds up

Satellite operator Eutelsat has turned in what CEO Rodolphe Belmer described as a “robust” set of full-year results that saw broadcast revenues fall by only 1.2% on a like-for-like basis year-on-year, while overall revenue dropped by 5%. Eutelsat posted total revenue of €1.278 billion for the year, with broadcast revenues accounting for €785 million, the […]

Analysts heap praise on Eutelsat as broadcast revenues hold up

Amid problems elsewhere in the satellite sector, analysts have given a strong vote of confidence in satellite operator Eutelsat after it posted solid fiscal Q3 results that showed modest quarter-to-quarter growth in the challenged broadcast segment and a stable year-on-year performance in broadcast. Analysts at Berenberg said that “Eutelsat’s Q3 revenue release once again highlighted to us that the company’s cash flows are […]

ProSiebenSat.1 pulls financial guidance under coronavirus impact

ProSiebenSat.1 has become the latest media company to pull its financial guidance under pressure from the coronavirus crisis. ProSiebenSat.1 said it expected trading to be heavily impacted in the second quarter, with ad revenues falling by 40% year-on-year in April . The media group said it could not provide an outlook for the second quarter […]

Eutelsat adjusts projections despite resilience of core business

Eutelsat’s core broadcast business is well-placed to withstand the coronavirus crisis but there is likely to be a negative impact on its occasional use, mobile connectivity and fixed broadband businesses and two key projects are likely to be pushed back because of supply chain problems, the satellite operator has said. Eutelsat said that the OU […]

1 2 3 5