Axel Springer released FY18 results which were globally in line. The consolidated revenues (€3,180.7m) grew by 3.8% organically (+4.1% reported) while the adjusted EBITDA reached €737.9m, up 14.3% and +8.5% organically. Classifieds were the main top-line bright spot, with revenues rising 11.4% organically (+20.3% reported). Their adjusted EBITDA margin decreased by 0.8% but remained at a still high level of 40.2%. Note that, on the whole, digital activities now generate 71% of the g
14 Mar 2019
FY18 goals achieved but no FY19e earnings growth is disappointing
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FY18 goals achieved but no FY19e earnings growth is disappointing
Springfield Properties PLC (SPR:LON) | 95.0 -3.3 (-3.6%) | Mkt Cap: 112.7m
- Published:
14 Mar 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Axel Springer released FY18 results which were globally in line. The consolidated revenues (€3,180.7m) grew by 3.8% organically (+4.1% reported) while the adjusted EBITDA reached €737.9m, up 14.3% and +8.5% organically. Classifieds were the main top-line bright spot, with revenues rising 11.4% organically (+20.3% reported). Their adjusted EBITDA margin decreased by 0.8% but remained at a still high level of 40.2%. Note that, on the whole, digital activities now generate 71% of the g