R4E has released a Trading Update which states that it has made good progress in the year to December 2019 and revenues and EBITDA will be 'significantly ahead' of market expectations. This has been driven both by the continued positive performance of the group's existing operations and the successful integration of Sold Out and Buzz 16. We raise our PBT/EPS forecasts by +27% to £1.9m/0.10p (was £1.5m/0.08p) for FY19 and +5% to £2.3m/0.11p (was £2.2m/0.11p) for 2020. W
18 Feb 2020
FY19 Trading Update
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FY19 Trading Update
Reach4Entertainment Enterprises (R4E:LON) | 0 0 0.0%
- Published:
18 Feb 2020 -
Author:
Paul Richards -
Pages:
5
R4E has released a Trading Update which states that it has made good progress in the year to December 2019 and revenues and EBITDA will be 'significantly ahead' of market expectations. This has been driven both by the continued positive performance of the group's existing operations and the successful integration of Sold Out and Buzz 16. We raise our PBT/EPS forecasts by +27% to £1.9m/0.10p (was £1.5m/0.08p) for FY19 and +5% to £2.3m/0.11p (was £2.2m/0.11p) for 2020. W