Trading update 30 June 2020 Isentia expects underlying EBITDA (including North Asia and pre AASB16) in FY2020 to be in the range of $20m to $21m. Although COVID-19 has disrupted many of our customers’ operations, the essential nature of Isentia’s products and services, especially during a crisis, has mitigated the impact of the pandemic on the business. Isentia has also benefited from the early implementation of cost saving measures as well as the acceleration of existing cost management programs. As a result, Isentia’s financial position remains strong with good cash conversion from underlying EBITDA and significant headroom on its existing $47.5m bank facility which does not expire until 31 July 2021. Mr Harrison said: “In recent months, the value our customers place on our products and services has been reflected in the increased utilisation of our Mediaportal platform. Our incredible team has worked hard to ensure that our clients received the most up-to-date and relevant media intelligence to support their decision-making during this critical time. “As we enter a new financial year, the Board and management remain focused on the successful execution of our strategic plan and will continue to invest in product and technology to deliver superior customer outcomes and drive earnings growth across Australia, New Zealand and South-East Asia.”
their strategic plan is to sell the company on the lowest, what a fuxxing bastard !