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General

Kudelski grows FY EBITDA thanks to cost cutting, despite lower revenues

Thursday 27 February 2020 | 09:31 CET | News
Kudelski Group reported revenues of USD 827 million for 2019, down from USD 920 million a year earlier due mainly to lower results in Digital TV. Adjusted EBITDA still rose to USD 81 million from USD 76 million thanks to its cost-cutting programme, and the company forecast EBITDA of USD 70-90 million this year. Kudelski also aims to return to a net profit in 2020, after a loss last year due to restructuring charges. 

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Categories: General
Companies: Kudelski Group / Skidata
Countries: World
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