oOh!media Limited Provides Upgrade to its FY19 Guidance

  • Dec 04, 2019 AEDT
  • Team Kalkine

oOh!media Limited (ASX: OML), a home advertising company, provides an update in relation to its expected earnings for FY19 (year ended 31st December 2019). The company expects to exceed its previously given underlying EBITDA and has increased its guidance between $138 million to $143 million.

  • Earlier in August, the company announced underlying EBITDA guidance between $125 million to $135 million;
  • The upgrade in underlying EBITDA is the result of improved booking for September and for the fourth quarter.

At AEST 12:49 PM, the stock was trading at $3.610 per share, up by 19.934% from its previous close.

 

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