Press Release – oOh Media
Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m
Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020
Operating cost savings (excluding JobKeeper) in excess of $15m for FY20
FY20 Capital Expenditure anticipated to be below $20m
Net Debt anticipated to be between $120m and $130m at 31 December 2020
Focus on strong financial position maintained – debt facilities refinance to 2023
oOh!media Ltd
Company) today provided a business update, including an update on market and trading conditions.
oOh!’s strategy through the COVID-19 pandemic has been to responsibly manage its operations by focusing on costs and strengthening its balance sheet. Additionally oOh! refined its offer vis a vis the strength of its suburban and regional network and invested in key assets through the audience and advertising revenue challenge created by COVID-19. This has positioned the Company to capitalise on the st
Press Release – oOh Media
oOh!media Ltd (oOh! or the Company) today provided a business update, including an update on market and trading conditions.
Strong recovery in key Out of Home audiences post COVID-19 lockdown
Significant revenue rebound in Q4; FY20 revenues anticipated between $420m-$430m
Rent abatements of approximately $54m contracted for FY20 as of 10 December 2020
Operating cost savings (excluding JobKeeper) in excess of $15m for FY20
FY20 Capital Expenditure anticipated to be below $20m
Net Debt anticipated to be between $120m and $130m at 31 December 2020
Focus on strong financial position maintained – debt facilities refinance to 2023
oOh!media Ltd
Significant revenue
rebound in Q4; FY20 revenues anticipated between
$420m-$430m
Rent abatements of
approximately $54m contracted for FY20 as of 10 December
2020
Operating cost savings
(excluding JobKeeper) in excess of $15m for
FY20
FY20 Capital Expenditure
anticipated to be below $20m
Net
Debt anticipated to be between $120m and $130m at 31
December 2020
Focus on strong
financial position maintained – debt facilities refinance
to 2023
oOh!media Ltd
Company)
today provided a business update, including an update on
market and trading conditions.
oOh!’s strategy
through the COVID-19 pandemic has been to responsibly manage
its operations by focusing on costs and strengthening its