A strong performance from Television and Family and continued recovery at the box office in film put Entertainment One (LON:ETO) on track to deliver strong growth in reported revenues and underlying EBITDA in FY17, as expected. The divisional mix may be weighted more toward Television than we had forecast but overall, we do not make any changes to our estimates.
FY17 performance in line
eOne’s trading update points to strong growth in reported revenues and underlying EBITDA, underpinned by an excellent half for Television, strong growth in Family and an improved second half performance in Film, as expected. Net debt is expected to be 1.2-1.3x EBITDA, slightly higher than previously guided (1.1-1.2x).
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