XLMedia Plc H1 FY19 Revenues Decline To $42.5 Million

  • Sep 23, 2019 BST
  • Team Kalkine
  • XLMedia Plc (XLM) has reported its interim results for the six months ended 30 June 2019 and has given full-year update.
  • The company’s revenues declined to $42.5 million as compared to $47.2 million in H1 2018.
  • The adjusted EBITDA of the company was $18.6 million in the reported period as compared to $21.6 million in H1 2018.
  • The board because of the slowdown in this year’s acquisition activity of the group and weak financials, expects to deliver an adjusted EBITDA of around USD 34 million and revenues of around USD 80 million for the year ending 31 December 2019.
  • On 23rd September 2019, at the time of writing, GMT 12:17 PM, XLM shares were trading at GBX 60.00, down by 15.00 points or 20.00 per cent against the previous day closing price.

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