CME sees 2007 revenue up 30 pct vs pvs 26-31 pct

18.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Central European Media Enterprises (CME) has updated its 2007 revenue growth forecast to 30 percent from an earlier estimate of a 26-31...

...percent rise, the broadcaster said on Thursday.

CME said in a presentation it aimed to boost its revenues by 18 percent to $1 billion or more in 2009, with segment EBITDA -- showing profits before tax, depreciation, amortisation and some corporate expenses -- rising to more than $400 million.

The company said in August it expected segment EBITDA of between $280 and $306 million in 2007.

CME, which operates television stations in six central European countries, is due to report third-quarter results on Nov. 1.

[PRAGUE/Reuters/Finance.cz]

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