Seven West Media Provided a Trading Update at its AGM

  • Nov 13, 2019 AEDT
  • Team Kalkine

Seven West Media Limited (ASX: SWM) held its Annual General Meeting (AGM) today. At the AGM, the company highlighted that:

  • Its Seven Network grew to a 39% revenue share in Q1 FY20;
  • The market remains short and difficult to predict but the company expect further softness in the second quarter;
  • The Forecasting the metropolitan television market to be around single digits for the financial year;
  • The Seven West Media expect to be at the lower end of its FY20 underlying EBIT guidance of between $190 million to $200 million including the impact of AASB 16.

 

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