APN Outdoor Group updates FY18 EBITDA guidance

Company News

by Anna Napoli

APN Outdoor Group (ASX:APO) has announced earnings for the twelve months to December to be in the range of $92 to $96 million.

APO is now tracking headline first half revenue growth of mid-single digits when compared to the same time last year.

This compares with a guidance of low single digits announced at the time of the company’s 2017 results in February.

Expenditure is expected to be in the range of $25 to $30 million in line with guidance.

The company says the out-of-home markets in Australia and New Zealand have remained robust in recent months and the new approach to sales has continued to gain momentum.

Shares in APN Outdoor Group (ASX:APO) down 0.97 per cent  to $5.09