Axel Springer, currently under KKR’s bid offer, reported rather poor H1 19 figures as expected, with consolidated organic top-line growth of only +1% and a declining adjusted EBITDA margin reflecting perimeter impacts as well as continuing future growth investments. Guidance was reiterated for FY19e. No major changes to our forecasts.
14 Aug 2019
Macro environment, perimeter impacts and pursued growth investments weigh on results
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Macro environment, perimeter impacts and pursued growth investments weigh on results
Springfield Properties PLC (SPR:LON) | 95.0 0 0.0% | Mkt Cap: 112.7m
- Published:
14 Aug 2019 -
Author:
Véronique Cabioc'h -
Pages:
3
Axel Springer, currently under KKR’s bid offer, reported rather poor H1 19 figures as expected, with consolidated organic top-line growth of only +1% and a declining adjusted EBITDA margin reflecting perimeter impacts as well as continuing future growth investments. Guidance was reiterated for FY19e. No major changes to our forecasts.