Catena Media improves the results

Business News

Catena Media, has reported revenues of SEK 15.1 million for the second quarter of this year. This corresponds to an increase of 58 percent from the same period last year.

The result after tax of 5.3 million euros is 15 percent higher than the same period last year. Operating profit was EUR 5.4 million (5.1), corresponding to an operating margin of 36 percent (53).

However, the stock exchange was not impressed. At 09.07 on Friday, Catena Media had fallen by almost 9 percent to $ 90.25 on a backing stock market.

Adjusted operating profit, excluding expenses attributable to the new bond loan and preparations for the planned change of list to NASDAQ Stockholm, amounted to 7.1 million (5.0), corresponding to an adjusted operating margin of 47 percent (52).

Ebitda amounted to EUR 6.3 million (5.3), corresponding to an ebitda margin of 42 percent (56). Ebitda margin adjusted for non-recurring costs, 53 percent (55).

Catena Media has risen 150 percent on First North since its listing in February 2016. When the stock exchange closed on Thursday, the price was SEK 98.75.