Pre-close trading update sees FY23E revenue growth of ~7% to £67m with Adj. EBITDA to be at least +8% to £17m. Followers are +20% to 440m, with new blue-chip client wins secured. Challenges in APAC have driven implementation of a new, lower-cost, operating model, leveraging LBG’s core UK business and a new strategic partnership with Australia’s largest online media publisher.
20 Dec 2023
LBG Media (LBG LN) - Solid core trading, new APAC operating model to drive efficiency
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LBG Media (LBG LN) - Solid core trading, new APAC operating model to drive efficiency
LBG Media Plc (LBG:LON) | 86.2 1.9 2.7% | Mkt Cap: 180.3m
- Published:
20 Dec 2023 -
Author:
Rachel Birkett, CFA -
Pages:
8
Pre-close trading update sees FY23E revenue growth of ~7% to £67m with Adj. EBITDA to be at least +8% to £17m. Followers are +20% to 440m, with new blue-chip client wins secured. Challenges in APAC have driven implementation of a new, lower-cost, operating model, leveraging LBG’s core UK business and a new strategic partnership with Australia’s largest online media publisher.