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General

Syn cuts FY guidance by 6%, sees free cash flow at low end of range after new management reveiw

Wednesday 21 August 2019 | 10:20 CET | News
Vodafone Iceland parent company Syn has lowered its guidance for full-year EBITDA by approximately 6 percent to ISK 5.6 billion from its previous guidance range of ISK 6.0 billion to ISK 6.5 billion. Telecom and media revenue are now predicted to be almost ISK 400 million lower and the cost of media content and distribution ISK 160 million higher. The forecast for free cash flow is unchanged but Syn said it is clear that the result will be at the lower end of the ISK 1.6 billion to ISK 2.0 billion range.

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Categories: General
Companies: Vodafone Iceland
Countries: Iceland
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