Brief: Cogeco Is Revising Its Fiscal 2021 Financial Guidelines

COGECO

15/01/2021 02:11

Jan 14 (Reuters) - Cogeco Inc  CGO.TO :
    * COGECO IS REVISING ITS FISCAL 2021 FINANCIAL GUIDELINES
FOLLOWING ACQUISITION OF DERYTELECOM,
    * QTRLY REVENUE INCREASED BY 4.5% COMPARED TO SAME PERIOD OF
PRIOR
YEAR TO REACH $646.4 MILLION
    * QTRLY EARNINGS PER SHARE $2.53
    * EXPECTS MID TO HIGH SINGLE-DIGIT PERCENTAGE GROWTH IN
REVENUE &
ADJUSTED EBITDA, & HIGH SINGLE-DIGIT GROWTH IN FREE CASH FLOW
FOR FISCAL 2021
    * ACQUISITION OF DERYTELECOM IS EXPECTED TO HAVE A POSITIVE
IMPACT
OF APPROXIMATELY 3% ON FISCAL 2021 REVENUE AND ADJUSTED EBITDA
    * CO'S RADIO OPERATIONS WERE NEGATIVELY IMPACTED BY PANDEMIC
WITH
REVENUE DECLINE OF 13% IN QUARTER COMPARED TO PREVIOUS YEAR
    * ALL FIGURES IN C$

Source text for Eikon:  ID:nCNWBxNYVa 
Further company coverage:  CGO.TO 

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