Brief: Catena Media Gives Trading Update For Q2

Catena Media

20/07/2020 06:04

July 20 (Reuters) - Catena Media PLC  CATME.ST :
    * RECORD IN REVENUES AND PROFITS - TRADING UPDATE FOR THE SECOND QUARTER 2020
    * REVENUES ARE ESTIMATED TO BE APPROXIMATELY EUR 27.7M
    * Q2 ADJUSTED EBITDA IS ESTIMATED TO BE IN RANGE OF EUR 14.5-14.8M, REFLECTING RECORDS IN
BOTH
REVENUES AND PROFITS
    * KEY DRIVERS FOR THIS PERFORMANCE ARE CASINO SEGMENT, WITH BOTH ASKGAMBLERS AND JAPANESE
BUSINESS
HAVING THEIR OWN ALL-TIME HIGHS FOR REVENUES
    * DECLINE OF NDCS COMPARED TO Q1 WAS EXPECTED DUE TO IMPACT OF COVID-19 ON SPORTS BUSINESS
    * CATENA MEDIA'S US BUSINESS SAW A SIGNIFICANT INCREASE COMPARED TO SAME PERIOD LAST YEAR
AND
ACHIEVED ITS BEST QUARTER EVER
    * MAIN DRIVER OF EXPECTED INCREASE OF ADJUSTED EBITDA HAS BEEN MUCH LARGER SHARE OF CASINO
SEGMENT, CONTINUOUS COST CONTROL AND CONTINUED SHIFT TOWARDS MORE ORGANIC REVENUE

Source text for Eikon:  ID:nWkr6ZZnZb 
Further company coverage:  CATME.ST 

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