News: OML Ooh!Media Sees FY Underlying EBITDA In Range Of $125 Mln And $135 Mln

Aug 16 (Reuters) - Ooh!Media Ltd (OML) :

• EXPECTS UNDERLYING EBITDA OF $56.0 MILLION, DOWN 2% ON A PRO FORMA BASIS FOR HALF YEAR
• EXPECTS TO REPORT REVENUE OF $304.8 MILLION FOR HALF ENDED 30 JUNE 2019, INCREASE OF 5% ON A PRO FORMA BASIS ON PRIOR CORRESPONDING PERIOD
• EXPECTS UNDERLYING EBITDA FOR YEAR ENDED 2019 TO BE IN RANGE OF $125 MILLION AND $135 MILLION
• CONFIRMS INTEGRATION OF COMMUTE REMAINS ON TRACK WITH EXPECTED RUN-RATE OF $16 MILLION IN COST SYNERGIES FOR FY19
• RISE IN FY19 OPERATIONAL EXPENDITURE EXPECTED BELOW FORECAST RANGE OF 5-7 %, CAPEX EXPECTED TO BE IN MIDDLE OF $55-70 MILLION FORECAST RANGE
• ADVERTISING BOOKINGS FOR Q3 OF 2019 EXPERIENCED A SHARP DECLINE
• IMPROVEMENT IN Q4 WILL BE LESS THAN ANTICIPATED & WILL BE INSUFFICIENT TO OFFSET SIGNIFICANT DECLINE CURRENTLY BEING EXPERIENCED IN Q3