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ubs maintains neutral rating for rtl group after disappointing quarterly results

UBS has maintained a "Neutral" rating for RTL Group with a target price of €30.50 after the company reported quarterly figures that fell short of expectations and revised its targets downward. Analyst Adam Berlin noted low growth in content production and declining television advertising revenue, particularly in Germany.
11:13 13.11.2024

bertelsmann reports record revenues and strong growth across multiple sectors

Bertelsmann reported a revenue of €13.4 billion for the first nine months of 2024, reflecting an organic growth of 3.1% despite an overall decline due to the sale of Majorel. The company invested €1.5 billion in its Boost strategy, with strong performances from Penguin Random House, BMG, and the Bertelsmann Education Group, particularly in online healthcare education and medical training in Brazil.

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