Q3 Adjusted EBITDA Totalled EUR 12.0 mln

Catena Media

19/11/2020 06:07

Nov 19 (Reuters) - Catena Media PLC  CATME.ST :
    * INTERIM REPORT JANUARY - SEPTEMBER 2020 UPDATED FINANCIAL TARGETS AND REVIEWED STRATEGIC
DIRECTION
    * Q3 OPERATING REVENUE AMOUNTED TO EUR 24.9M (26.4), RESULTING IN A DECREASE OF 6 PERCENT.
    * Q3 OPERATING REVENUE AMOUNTED TO EUR 24.9M (26.4), RESULTING IN A DECREASE OF 6 PERCENT
    * Q3 ADJUSTED EBITDA INCREASED BY 4 PERCENT AND TOTALLED EUR 12.0M (11.5)
    * COMPANY FORESEES A CONTINUED STRONG DEMAND FOR IGAMING AFFILIATE SERVICES, ESPECIALLY
WITHIN
REGULATED MARKETS.
    * AMBITION IS TO PROPOSE A QUARTERLY BASED DIVIDEND OF SEK 0.65-0.75 PER SHARE AND QUARTER
STARTING DURING SECOND HALF OF 2021.
    * US BUSINESS WILL BE A CORE REVENUE DRIVER, SUPPORTED BY CONTINUED GEOGRAPHICAL EXPANSION
INTO
LATIN AMERICA, ASIA AND CERTAIN CENTRAL EUROPEAN MARKETS
    * CONTINUED RESTRUCTURING OF EXISTING BUSINESS IN EUROPE FOR INCREASED MARKET SHARE AND COST
EFFICIENCY
    * WILL REFINANCE EXISTING BOND IN 2021 WITH FINANCING TERMS ADAPTED TO NEW LOWER DEBT/EQUITY
RATIO
    * WILL POSITIVELY EVALUATE INVESTMENTS INTO M&A'S TO FURTHER STRENGTHEN ITS POSITION IN
STRATEGIC
MARKETS

Source text for Eikon:  ID:nWkr9Jmcr3 
Further company coverage:  CATME.ST 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))