News: BKG Booktopia Group Says Tony Nash To Step Aside From Role Of CEO

May 2 (Reuters) - Booktopia Group Ltd (BKG) :

• TONY NASH TO STEP ASIDE FROM ROLE OF CEO
• BOARD OF BOOKTOPIA HAS COMMENCED A SEARCH TO IDENTIFY AND SECURE A NEW CEO
• NASH WILL REMAIN AS CEO UNTIL A REPLACEMENT IS APPOINTED
• REVENUE UP 9% TO A$194.7 MILLION FOR NINE MONTHS
• NINE MONTHS EBITDA DOWN 63% TO A$5.5 MILLION
• EXPECTS TO DELIVER FULL YEAR REVENUE OF APPROXIMATELY A$242 MILLION
• NPAT FOR YEAR IS EXPECTED TO BE A LOSS
• FULL-YEAR RESULTS MAY ALSO BE IMPACTED BY A PENALTY FROM ONGOING PROCEEDINGS BY ACCC
• SEES FULL YEAR EBITDA OF BETWEEN A$3 - A$4 MILLION
• SEES EXPECTS ONLINE BOOK SALES AS MARKET SEGMENT TO GROW IN HIGH SINGLE DIGITS/ANNUM IN FORESEEABLE FUTURE FROM NEW POST-PANDEMIC BASELINE