Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Bouygues
  6. News
  7. Summary
    EN   FR0000120503

BOUYGUES

(EN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mediaset presses ProSieben to 'engage' on strategy ahead of AGM

05/31/2021 | 09:18am EDT
FILE PHOTO: The logo of German media company ProSiebenSat.1 in front of its headquarters in Unterfoehring

BERLIN (Reuters) - Mediaset said it would not seek confrontation at ProSiebenSat.1's annual general meeting on Tuesday but the German broadcaster's largest shareholder pressed home its call to collaborate on strategy.

The Italian media group, controlled by the family of former Italian Prime Minister Silvio Berlusconi, wants to bring about cross-border consolidation to enable European broadcasters to compete more effectively for advertising dollars.

It has built up a stake of nearly a quarter in ProSieben in support of that goal, but the broadcaster of "Germany's Next Topmodel" has repeatedly rebuffed its overtures, instead diversifying out of entertainment into dating and e-commerce.

"Mediaset is a long-term shareholder," Chief Financial Officer Marco Giordani told Reuters in an interview on Monday.

"Our position as a long-term shareholder is not to apply pressure. We would love to have more engagement," he added, offering to support the development of ProSieben's entertainment business.

Mediaset said it controls a stake of 23.5% in ProSieben via shares and other financial instruments. Of that, it owns a direct voting stake of 12.4%, based on disclosures by the German company.

Giordani said Mediaset would back management's resolutions at Tuesday's AGM, saying: "It's not the time for fireworks, but rather the time to build the right strategy for all ProSieben shareholders."

But he said Mediaset took a flexible position on its holding in ProSieben. It had increased its direct shareholding in ProSieben in January and that process would continue.

DUTCH PLANS ON TRACK

Mediaset's plans to establish a new business base in the Netherlands, to be called MediaforEurope (MFE), received a boost when it ended a long-running legal dispute with shareholder Vivendi.

With the French media group lending its support, MFE should be established in September, creating "a company that can start to consolidate the market", said Giordani.

Time is short, he said, pleading for Europe's commercial TV industry to build a common advertising platform that can compete with the dominant digital advertisers, Google and Facebook.

He dismissed in-country mergers, such as the recent deal struck in France between RTL's Groupe M6 and TF1, which is controlled by Bouygues, as failing to address the industry's revenue weakness.

"It's pretty easy to find fast synergies on costs. But the media's problems in Europe are not costs - they are revenues," said Giordani.

"If you want to compete with the large sellers of advertising, you have to offer a continental product."

Giordani said he was sure that European consolidation would happen: "We want to be part of this consolidation. We want to propose and explain how our consolidation will be the successful one."

He also said that, after a strong first quarter, Mediaset's second quarter would be better. "We are very happy about how the business is performing today."

(Writing by Douglas Busvine. Editing by Jane Merriman)

By Douglas Busvine and Elvira Pollina


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.77% 2680.7 Delayed Quote.52.95%
BOUYGUES 0.09% 32.43 Real-time Quote.-3.63%
FACEBOOK INC 0.72% 372.46 Delayed Quote.36.35%
M6 MÉTROPOLE TÉLÉVISION -0.12% 17.16 Real-time Quote.29.41%
MEDIASET S.P.A. -1.40% 2.684 Delayed Quote.30.49%
PROSIEBENSAT.1 MEDIA SE -0.21% 16.865 Delayed Quote.22.61%
TF1 0.67% 8.285 Real-time Quote.25.72%
VIVENDI SE -0.46% 28.33 Real-time Quote.7.39%
All news about BOUYGUES
06:28aBOUYGUES : boosts its disability policy by supporting six parasports athletes
PU
07/21PARIS OLYMPIC GAMES 2024 : Colas wins a contract for logistic flow management
PU
07/21GLOBAL MARKETS LIVE : Netflix, Novartis, Tesla, Autodesk, AMC...
07/21BOUYGUES : The TF1 group announces signature of new agreement on use of works fr..
PU
07/21BOUYGUES : The group led by bouygues btiment nord-est named winner of the new ad..
AQ
07/20BOUYGUES : The consortium led by Bouygues Construction Bâtiment Nord-Est is chos..
PU
07/09BOUYGUES : Construction launches the second stage of its regional SME Innovation..
AQ
07/08BOUYGUES : ESTP Announces the Creation of a "Digital Twins of Construction and I..
PU
07/08BOUYGUES : Construction launches phase 2 of its regional "SME Innovation" progra..
PU
07/08BOUYGUES : Telecom is launching its addressable TV offer today with the media sa..
PU
More news
Financials
Sales 2021 36 895 M 43 559 M 43 559 M
Net income 2021 1 032 M 1 218 M 1 218 M
Net Debt 2021 2 260 M 2 668 M 2 668 M
P/E ratio 2021 12,0x
Yield 2021 5,30%
Capitalization 12 354 M 14 591 M 14 585 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,38x
Nbr of Employees 129 000
Free-Float 57,3%
Chart BOUYGUES
Duration : Period :
Bouygues Technical Analysis Chart | EN | FR0000120503 | MarketScreener
Technical analysis trends BOUYGUES
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 32,43 €
Average target price 38,11 €
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Olivier Roussat Chief Executive Officer
Pascal GrangÚ Chief Financial Officer, Deputy CEO & SVP
Martin Bouygues Chairman
Gilles Zancanaro Senior Vice President-Digital, Innovation & Risks
Colette Lewiner Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BOUYGUES-3.63%14 484
VINCI10.80%63 749
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED-7.85%31 982
LARSEN & TOUBRO LIMITED24.10%28 849
FERROVIAL, S.A.8.85%22 538
CHINA RAILWAY GROUP LIMITED2.66%18 939