Brief: Vocento 9-Month Net Loss 27 Million Euros

Vocento SA

13/11/2024 06:52

Nov 13 (Reuters) - Vocento SA  VOC.MC :
    * SAID ON TUESDAY 9-MONTH REVENUES OF 249.6 MILLION EUROS
    * 9-MONTH EBITDA NEGATIVE OF 4.4 MILLION EUROS
    * 9-MONTH NET LOSS OF 27.0 MILLION EUROS
    * 4Q24 EFFICIENCY PLAN UNDERWAY, 13 MILLION EUROS WITH
ESTIMATED
ANNUAL SAVINGS OF 10 MILLION EUROS 
    * REVISES 2024 EBITDA TARGET TO BETWEEN NEGATIVE 2 MILLION
AND
POSITIVE 2 MILLION EUROS, FROM PREVIOUS TARGET OF BETWEEN 21
MILLION EUROS AND 25 MILLION EUROS, DUE TO FALL IN ADVERTISING
AND OTHER REVENUES
    * EXCLUDING EFFICIENCY PLAN COSTS, 2024 EBITDA TARGET WOULD
BE
BETWEEN POSITIVE 11 MILLION EUROS AND POSITIVE 15 MILLION EUROS

        
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