Company profile - EDEL feature image - 02072019 - JPG

Edel

DB: EDL

Market Cap€122.8m

Last Close €5.4

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.

More Edel content >

Investment summary

Edel’s H121 figures showed good progress, with revenues ahead by 11% to €123.3m and an EBITDA margin of 13.0%, up from 9.2% in H120. Digital revenues continued to benefit from the growth of the music streaming platforms, while the continuing popularity of vinyl is supporting results at optimal media. The expansion of co-operation with Universal Music Group bodes well particularly for FY22 and on, with guidance increased also for FY21. The share price is up 83% over the past 12 months yet it continues to trade at a discount to global entertainment and publishing stocks on historical EV/EBITDA and EV/sales multiples, partly due to limited liquidity.

Content on Edel
Edel – Good demand for lockdown entertainment
TMT | Update | 11 February 2021
black-and-white-brand-data-145707
Edel – Mixed media markets
TMT | Update | 8 July 2020
black-and-white-brand-data-145707
View more
Register to receive research on Edel as it is published
Share price graph
Price performance
%
1m
3m
12m
Actual 10.7 35.7 132.8
Relative* 8.7 33.2 103.4
52-week high/low €5.4/€2.2
*% relative to local index
Key management
Timo Steinberg CFO/COO