Brief: Catena Media Provides Trading Update On The Basis Of Covid-19

Catena Media

25/03/2020 06:07

March 25 (Reuters) - Catena Media PLC  CATME.ST :
    * TRADING UPDATE ON THE BASIS OF COVID-19 AND SUBSEQUENT
CHANGED
MARKET CONDITIONS
    * JANUARY - FEBRUARY REVENUES INCREASED BY 5.7 PERCENT
VERSUS 
SAME PERIOD IN 2019 AND AMOUNTED TO EUR 18.0M (17.1)
    * ON CORONAVIRUS: DOES NOT FORESEE ANY NEGATIVE IMPACT OF
COVID-19
ON REVENUES DURING Q2.
    * A MAJORITY OF REVENUES, 59 PERCENT IN JANUARY AND FEBRUARY
2020,
ARE GENERATED FROM CASINO SEGMENT
    * SEGMENT HAS CONTINUED TO PERFORM WELL IN MARCH, WITH
TRAFFIC
BEING HIGHER THAN AVERAGE TRAFFIC IN JANUARY AND FEBRUARY 2020
    * CATENA MEDIA EXPECTS A CONTINUED POSITIVE DEVELOPMENT
WITHIN
CASINO SEGMENT
    * JANUARY - FEBRUARY 2020 ADJUSTED EBITDA EXCLUDING
NON-RECURRING
COSTS INCREASED BY 19.9 PERCENT COMPARED TO SAME PERIOD LAST
YEAR AND AMOUNTED TO EUR 8.9M (7.4)
    * BELIEVE COVID-19 OUTBREAK WILL HAVE NO FORESEEABLE
NEGATIVE
LONG-TERM EFFECTS ON BUSINESS

Source text for Eikon:  ID:nWkr3vSmNn 
Further company coverage:  CATME.ST 

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