Brief: Syn Lowers Guidance For EBITDA In 2019

Syn hf

20/08/2019 14:55

Aug 20 (Reuters) - Syn hf  SYN.IC :
    * REG-SÝN HF.: CHANGE IN GUIDANCE
    * GUIDANCE FOR EBITDA IN 2019 HAS BEEN LOWERED BY ROUGHLY 6%
TO
5,6 BN FROM A PREVIOUS 6,0-6,5 BN ISK
    * SAYS PREVIOUS FORECAST FOR FREE CASH FLOW IS UNCHANGED BUT
IT IS
CLEAR RESULT WILL BE AT LOWER END OF 1,6-2,0 BN RANGE
    * FORECASTED EBITDA WILL BE LOWERED SINCE REVENUES IN
TELECOM AND
MEDIA ARE FORECASTED CLOSE TO 400 MILLION LOWER AND COST OF
MEDIA CONTENT AND DISTRIBUTION ARE ESTIMATED 160 MILLION HIGHER

Source text for Eikon:  ID:nGNE8F1PCy 
Further company coverage:  SYN.IC 

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