Brief: Reworld Media Fy Consolidated Ebitda Up At 29.6 Million Euros

Unify

18/03/2020 17:38

March 18 (Reuters) - REWORLD MEDIA SA  ALREW.PA :
    * FY NET INCOME GROUP SHARE EUR 25.4 MILLION VERSUS EUR 6.9
MILLION YEAR AGO
    * FY CONSOLIDATED EBITDA EUR 29.6 MILLION VERSUS EUR 11.1
MILLION
YEAR AGO
    * FY PROFORMA SALES OF €462.2 MILLION
    * FY CONSOLIDATED REVENUE EUR 294.4 MILLION VERSUS EUR 177.5
MILLION YEAR AGO
    * ON CORONAVIRUS: REWORLD MEDIA HAS TAKEN STEPS TO ENSURE
BUSINESS
CONTINUITY, WITH ALL EMPLOYEES TELEWORKING
    * IN 2020, REWORLD MEDIA HAS LAUNCHED A MAJOR PROGRAM TO
DIGITIZE
ITS NEW ASSETS, THE GROUP IS FOCUSING ON SYNERGIES BETWEEN ITS
TEAMS AND ON CONSOLIDATION OF ITS MAGAZINE ACTIVITIES. WITH ITS
OWNERSHIP OF ITS CONTENT AND AUDIENCES, THE GROUP IS PURSUING
ITS DEVELOPMENT WITH CONFIDENCE
    * ON CORONAVIRUS:   GIVEN THE UNCERTAINTIES RELATED TO THE
CORONAVIRUS EPIDEMIC, REWORLD MEDIA IS NOT YET IN A POSITION TO
QUANTIFY THE IMPACTS OF THE MEASURES TAKEN TO TRY TO CONTAIN THE
EPIDEMIC, AND BY THE VERY LIKELY DETERIORATION OF THE ECONOMIC
ENVIRONMENT
    * ON CORONAVIRUS: HAS IMPLEMENTED ACTIONS TO ENABLE BUSINESS
CONTINUITY, ALL OF THE EMPLOYEES BEING IN REMOTE WORKING
    * STRONG GROWTH AT 31 DECEMBER 2019 WITH SALES OF NEARLY
€295
MILLION AND AN EBITDA MARGIN OF 10%


Further company coverage:  ALREW.PA 

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