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Edel (EDL)

Business description

Edel AG is one of Europe’s leading independent media groups. It is both a publisher and a producer. Edel offers the music, film and book industry a unique full-service model, covering marketing and production as well as the distribution of audio content, video content and books.

Latest research

Pressing ahead

Update | Media | 04/07/2018

Booking record growth

Update | Media | 12/02/2018

Making records

Update | Media | 13/07/2017

All-round entertainer

Initiation | Media | 23/05/2017

AKTUELLE VERÖFFENTLICHUNGEN

Edel

Mit voller Kraft voraus

04/07/2018
Edel

Buchungssatzzuwachs

12/02/2018
Edel

Schallplatten sorgen für gute Zahlen

13/07/2017
Edel

Umfassendes Unterhaltungsangebot

23/05/2017

Investment summary

Edel’s H118 results to March showed good top-line progress (+8%) and an uplift in EBITDA margins from 9.3% to 9.8% as digital activities gained in importance. While revenue was marginally behind expectations, an unchanged full-year forecast assumes a stronger H2 than usual, reflecting the good momentum. The investment programme is starting to pay back, with a full year’s impact in FY19e, when forecast margins have edged up. Edel has changed its status to a partnership limited by shares, reflecting the importance of the founding family’s interests (64% shareholding). The shares trade at a substantial discount to global entertainment content and publishing stocks, partly explained by the limited market liquidity.

Last updated on 04/07/2018

Key management

Timo Steinberg, CFO/COO

Company address

Neumeuhlen 17
Hamburg
22763
Germany
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