Southern Cross Austereo Provided earnings guidance for H1 FY20

  • Oct 15, 2019 AEDT
  • Team Kalkine

Australia’s leading media company Southern Cross Austereo (ASX: SXL) witnessed a decrease of 8.5% in its revenues for the quarter ended 30 September 2019, as compared to prior year.

Earnings Guidance Highlights

  • The company is expecting its EBITDA for H1 FY20 to be in the range of $60 million to $68 million, before adjustments for AASB16;
  • Depreciation for the first half is expected to be around $4 million lower as compared to the prior comparable period (pcp);
  • Full-year capex is expected to be $5 million to $7 million lower than FY19.

 

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