14th Jan 2022 09:54
Bonhill Group PLC - London-based media company specialising in business information, events and data analytics - Downgrades its 2021 expectations. The company expects full-year revenue of GBP16.4 million, down from previous guidance of GBP16.5 million. Earnings before interest, tax, depreciation and amortisation downgraded to GBP200,000 from GBP800,000 previously. Bonhill expects its year-end cash position to be GBP1.4 million, up from GBP1.0 million previously.
The company adds that the impact of Omicron has resulted in last-minute narrowing in margins for its final events of the year in both the UK and US, as well as reduced bookings compared to the prior year.
Bonhill expects to release its 2021 full-year results on March 24.
Current stock price: 7.62 pence, down 13% in London
12-month change: down 20%
By Heather Rydings; [email protected]
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