Axel Springer: cuts annual targets
(CercleFinance.com) - Axel Springer has cut its targets for 2019, now expecting a low single-digit fall in revenues and a mid-single digit fall in adjusted EBITDA.
The German media group - the parent company, of aufeminin in France in particular - has posted H1 2019 adjusted net profit that is down 8.9% at 154.2 million euros, meaning adjusted EPS of 1.19 euro.
Adjusted EBITDA decreased by 2.7% to 344.8 million euros (+1.7% in organic terms), meaning a pretty stable margin of approximately 22.5% for revenue that is down 1.9% at 1.53 billion euros (+1% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The German media group - the parent company, of aufeminin in France in particular - has posted H1 2019 adjusted net profit that is down 8.9% at 154.2 million euros, meaning adjusted EPS of 1.19 euro.
Adjusted EBITDA decreased by 2.7% to 344.8 million euros (+1.7% in organic terms), meaning a pretty stable margin of approximately 22.5% for revenue that is down 1.9% at 1.53 billion euros (+1% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.