HT&E Limited Provides Trading Update

  • Nov 18, 2019 AEDT
  • Team Kalkine

HT&E Limited (ASX: HT1) reported its trading update at the UBS Conference, acknowledging sluggish advertising market due to slowdown in the broader macroeconomic fundamentals.

  • Radio share of advertising market is consistent and stable at 8.7% in CYTD 19.
  • On a YTD basis, Radio market is down 5%.
  • Top 15 categories of 2018 are down $31 million.
  • ARN revenues declined in October on YoY basis but improved in September 2019 quarter.
  • Late trading would be major driver of 2019 outcome.
  • November and December lagging behind last year with limited visibility.

By 1:32 PM AEST, HT1 was trading at $1.665, no change from its previous close.

 

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