16th Feb 2022 20:32
Ocean Outdoor Ltd - London-based digital out-of-home advertising firm - Says its 2021 performance is ahead of previous guidance and business well positioned for the continued recovery. For 2021, revenue was GBP124.4 million, up 44% from GBP86.2 million in 2020. Ocean says it experienced a strong bounce back in demand during 2021, which led to the increase in revenue. Says that despite commencing the year with Omicron and restrictions to leisure and hospitality across some countries, trading in 2022 has started strongly.
"The board is continuing to evaluate a number of options, including a potential sale, following interest and conditional offers received which may or may not lead to a transaction. Another update will be made when appropriate," it says.
Current stock price: USD9.70
Year-to-date change: up 33%
By Arvind Bhunjun; [email protected]
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