Axel Springer reported solid figures in Q1 18. Q1 18 revenues reached €774m, a +6.9% increase, of which 4.7% was organic. Q1 18 adjusted EBITDA was €171m (22.1% of sales), up by 16.3% and by 6.7% organically. Consolidation effects mainly came from Logic-Immo and affilnet. Adjusted EPS of €0.63 (+2.2% organically) was below market expectations (€.68). 2018 outlook unchanged with low to mid single-digit organic growth in revenue, and mid to high single-digit growth in both E
18 May 2018
Solid Q1 18 but below expectations
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Solid Q1 18 but below expectations
Springfield Properties PLC (SPR:LON) | 97.5 3.4 3.7% | Mkt Cap: 115.7m
- Published:
18 May 2018 -
Author:
Lionel Pellicer -
Pages:
3
Axel Springer reported solid figures in Q1 18. Q1 18 revenues reached €774m, a +6.9% increase, of which 4.7% was organic. Q1 18 adjusted EBITDA was €171m (22.1% of sales), up by 16.3% and by 6.7% organically. Consolidation effects mainly came from Logic-Immo and affilnet. Adjusted EPS of €0.63 (+2.2% organically) was below market expectations (€.68). 2018 outlook unchanged with low to mid single-digit organic growth in revenue, and mid to high single-digit growth in both E