Catena Media of Sweden has reported operating revenue of €27.8m (23.7) for the second quarter of 2020, an increase of 17 per cent on the previous year.
Adjusted EBITDA increased by 56 per cent and totalled €14.8m (9.5), corresponding to an adjusted EBITDA margin of 53 per cent (40).
EBITDA, including exceptional costs of €1.7m (0.1), increased by 38 per cent and totalled €13m (9.4), corresponding to an EBITDA margin of 47 per cent (40).
“With the successful conclusion of our refinancing process, we managed to significantly reduce our leverage already and align the long-term interest of all stakeholders, and in particular our shareholders. While continuing to deliver on our strategy, we track towards a leverage of 1.00 by year-end,” commented Peter Messner, group CFO.
