Brief: Booktopia Group Says Tony Nash To Step Aside From Role Of CEO

Booktopia

02/05/2022 15:07

May 2 (Reuters) - Booktopia Group Ltd  BKG.AX :
    * TONY NASH TO STEP ASIDE FROM ROLE OF CEO
    * BOARD OF BOOKTOPIA HAS COMMENCED A SEARCH TO IDENTIFY AND
SECURE
A NEW CEO
    * NASH WILL REMAIN AS CEO UNTIL A REPLACEMENT IS APPOINTED
    * REVENUE UP 9% TO A$194.7 MILLION FOR NINE MONTHS
    * NINE MONTHS EBITDA DOWN 63% TO A$5.5 MILLION
    * EXPECTS TO DELIVER FULL YEAR REVENUE OF APPROXIMATELY
A$242
MILLION
    * NPAT FOR YEAR IS EXPECTED TO BE A LOSS
    * FULL-YEAR RESULTS MAY ALSO BE IMPACTED BY A PENALTY FROM
ONGOING
PROCEEDINGS BY ACCC
    * SEES FULL YEAR EBITDA OF BETWEEN A$3 - A$4 MILLION
    * SEES EXPECTS ONLINE BOOK SALES AS MARKET SEGMENT TO GROW
IN HIGH
SINGLE DIGITS/ANNUM IN FORESEEABLE FUTURE FROM NEW POST-PANDEMIC
BASELINE

Source text for Eikon:  ID:nASX799hs0 
Further company coverage:  BKG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))