Reworld Media (ALREW)

Business description

Reworld Media is a digital media group that combines well-recognised media brands (with on- and offline presence) and ad tech digital performance marketing.

Stock data

Market cap.€59.5m
Last close€1.63
High / Low (52 weeks)€2.2 / €1.6
Stock market listingEG
Forecast net debt (€m)3
Forecast gearing ratio (%)13
TeamMedia
SectorMedia

Price performance

%1m3m12m
Actual(9.9)(9.4)(6.9)
Relative *(15.1)(7.7)(13.9)

* % Relative to local index

Other companies in sector Show

Company news

BRIEF-Reworld Media announces merger and absorption of Sporever

Mon, 29 May 2017 08:11:04 GMT

REWORLD MEDIA investit 1 M€ dans la holding d'INFINIE PASSION

Wed, 29 Mar 2017 15:00:00 GMT

Adelaide restaurateur says eateries should fight back against keyboard ...

Tue, 04 Apr 2017 10:28:29 GMT

Caroline Wozniacki: 'When you're World No. 1, you are always the favourite to win'

Sun, 02 Apr 2017 10:07:30 GMT

Familiarity a bonus in SA: Khawaja

Mon, 26 Feb 2018 22:18:45 GMT

Investment summary

Reworld Media is delivering the financial returns on its strategy of digital transformation of well-established media brands, supplemented with the ad tech expertise of Tradedoubler (30% owned). FY17 figures show good revenue and margin progress from the media brands, with Tradedoubler starting to recover post repositioning and restructuring. The group also has a strengthening balance sheet. Our updated model suggests a strong uplift in adjusted PBT in FY18 driven by the growing digital element in Branding and the continuing turnaround at Tradedoubler. The rating is yet to reflect the improving quality of earnings or the scale of the opportunity.

Last updated on 06/04/2018

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2016A 174.0 4.4 0.9 0.4 407.5 44.8
2017A 185.6 7.5 3.6 9.6 17.0 N/A
2018E 182.5 11.3 6.2 13.7 11.9 9.1
2019E 190.5 15.7 10.6 24.0 6.8 6.8

Last updated on 22/03/2018

Latest research

Driving branding performance

Outlook | Media | 20/03/2018

Media performance

Update | Media | 29/09/2017

Digital progress and momentum

Update | Media | 30/03/2017

Brand building

Initiation | Media | 06/03/2017

Latest video

Executive Interview - Reworld Media

Industry outlook

While the magazine market continues to retrench, the underlying demand for entertaining and informative content is undiminished. The value of this content has been thrown into relief by the structural shifts in distribution to online channels. This, and the growing strength of Facebook, Amazon, Netflix and Google, has prompted many questions over the power balance with brand owners, content owners and how to drive monetisation. Within the media sector, this has led to a high rate of M&A as assets have changed hands at all scale levels. It may expose opportunities for Reworld to build out the portfolio further.

Last updated on 06/04/2018

Key management

Pascal Chevalier, Chairman
Gautier Normand, CEO

Company address

16 Rue du Dome
Paris
92100
France
+33 1 45 19 58 00
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