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Broadband

Cogeco reports higher profit amid stable revenues, withdraws FY outlook

Wednesday 8 April 2020 | 09:20 CET | News
Cogeco Communications has withdrawn its guidance for fiscal 2020. The company said the duration of the covid-19 pandemic, it magnitude and economic impact are all still uncertain. The company added however that while the pandemic will certainly hit revenues and adjusted EBITDA in the short-term, Cogeco does not currently expect a significant impact to its free cash flow. The North American operator intends to reinstate its annual guidance when the situation stabilises. The company said it also terminated its automatic share purchase plan as a result of the virus epidemic. It hopes to

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Categories: Fixed
Companies: Cogeco Communications
Countries: Canada / United States
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