RTL reaches all-time low after results, guidance cut

RTL SA

13/11/2024 12:06

** Shares in RTL  RRTL.DE  fall 10% after Europe's largest
broadcaster released third-quarter results and cut its full-year
guidance
    ** RTL cut its 2024 revenue forecast and guides for the
bottom end of its earnings outlook
    ** According to Bernstein, Q3 revenues came in "a touch"
below a Vara Research consensus
    ** "We expect consensus to come down on the back of these
results. Expect RTL ... shares to be down today," Bernstein
writes
    ** Shares were at the bottom of German mid cap index
 .MDAXI  at 1204GMT and at their lowest level since its IPO in
2013

 (Reporting by Chiara Holzhaeuser)
 ((Chiara.Holzhaeuser@thomsonreuters.com))