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Kudelski slashes FY outlook after H1 revenues fall 20%

Thursday 20 August 2020 | 10:57 CET | News
Kudelski Group has lowered sharply its forecast for full-year profits after a drop in results in the first half of 2020 due to the coronavirus pandemic. The company now expects annual adjusted EBITDA of USD 45-55 million, compared to its previous outlook of USD 70-90 million and a reported USD 81 million in 2019. First-half EBITDA fell to USD 4.9 million from USD 15.5 million a year ago, as revenues dropped 20 percent to USD 320 million.

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Categories: Broadcast & Satellite / Internet
Companies: Kudelski Group
Countries: World
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