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Catena Media sets 2020 vision

first_img Ahead of its Capital Markets Day (6 December), Stockholm-listed industry affiliate network Catena Media has announced that it has reset its enterprise long-term financial targets, as corporate governance seeks to extract optimal value for its investors.Updating stakeholders, Catena’s Board has set the enterprise target of generating a group EBITDA in excess of €100 million (£90 million) by the year 2020.In order to achieve its corporate 2020 target, Catena governance states that the company will sustain its ‘accelerated’ double digit percentage growth, driven by the combination of increased organic revenues and strategic acquisitions expanding its affiliate network capabilities.Setting its corporate goal, Catena governance details that its short to medium term goal is to operate with Net Debt / EBITDA* in the range 1.5-2.5x. The company may elect to operate temporarily outside this span under certain circumstances and during limited time periods.Catena Media details that it does not intend to pay any dividend prior to 2020, and that previously communicated financial targets expire.This November, Catena informed that it has undertaken its first corporate acquisition outside of the online gambling industry, acquiring Malta-based European financial services advertising network Beyondbits.The acquisition increased Catena Media’s footprint in the DACH region (Germany, Austria and Switzerland). Related Articles Catena lauds ‘record’ Q2 as casino drives performance August 19, 2020 Share GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 StumbleUpon Submit Sharelast_img read more


Swamy steers Guyana to 68-run win over Leewards

first_imgLeon Swamy batted Guyana to a 68-run win via the Duckworth/Lewis method over a stunned Leeward Islands side in round two of the CWI Regional Under-17, 50-Over tournament played at the Brian Lara Cricket Academy in Trinidad & Tobago.While torrential rains ravaged parts of the country, washing out the other twoLeon Swamysecond- round affairs, Guyana, batting first, made 116-9 in 28 overs, with Swamy smoking 41 from 34 balls, with five fours and a six.Guyana captain and opener Sachin Singh hit 19, while the ever-consistent Nigel Deodat chipped in with 14, as Tariq Newman snapped 4 wickets for 9 runs from six overs, with seamer Jaden Francis chipping in with 2 for16.The clobbering was swift, as Guyana’s start-studded arsenal of bowlers rocked the feeble Leewards, with Silvan Williams (2-9), Dwain Dick (2-16), Deodat (2-7) and Andre Seepersaud (2-10) decimating the opposition for a mere 49 runs.Guyana gained 6.2 points from the win, and an aggregate of 6.6 points after two games. The Leewards, who were second in the standings behind T&T, got 0.4 points and now sit on 6.6 points.In the other games, T&T and Jamaica had to sit and watch the rain fall at the National Cricket Centre (NCC), as play was not possible in Central Trinidad.Each team involved in the washout games got one point. T&T, however, retains the lead, as with the point gained, its aggregate has moved to 7.2 points. Jamaica, which had 0.4 point coming into this game, is now at 1.4.last_img read more