Brief: FL Entertainment Revenue Up At EUR 1 Bln In Q1 2024

Banijay NV

15/05/2024 16:48

May 15 (Reuters) - FL Entertainment NV  FLE.AS :
    * REVENUE UP +10.6% TO EUR 1 BLN IN Q1 2024
    * ADJUSTED EBITDA UP +11.2% TO EUR 164M, ADJUSTED EBITDA
MARGIN OF
16.4% UP 30BP VERSUS Q1 2023
    * ADJUSTED NET INCOME UP +4.5% AT CURRENT CURRENCIES TO EUR
73M,
NET INCOME AT EUR 18.7M (VERSUS EUR 8.4M IN Q1 2023)
    * FL ENTERTAINMENT BECOMES BANIJAY GROUP TO REFLECT AMBITION
AS
ENTERTAINMENT LEADER
    * ADJUSTED FREE CASH FLOW CONVERSION OF 80% (VERSUS 83% IN
Q1
2023)
    * UPGRADED FY 2024 EBITDA GUIDANCE & NEW GUIDANCE METRICS
PROVIDED
FOR 2024
    * STRONG LIQUIDITY POSITION OF EUR 434M AND STABLE 3.1X
LEVERAGE
RATIO (31 MARCH 2024 VERSUS 31 DEC. 2023)

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Further company coverage:  FLE.AS 

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