12th Jan 2015 09:40
LONDON (Alliance News) - Matomy Media Group Ltd said Monday it expects to post both revenue and earnings before interest, tax, depreciation and amortisation for 2014 in line with market expectations.
The firm said it expects to post EBITDA in the range of USD23.7 million to USD24.0 million, and revenue in the range of USD243 million to USD255 million.
The company also announced the proposed appointment of Rishad Tobaccowala, chief strategy officer of Publicis Groupe SA, to its board. His appointment is expected to take place by the end of January. The appointment follows Publicis's investment in Matomy in October, with the Paris-based advertising agency now holding 24.9% of Matomy shares.
Matomy said its mobile, video and social media advertising activities are "all showing particularly good progress", along with its addition of new mobile video advertising capabilities.
Shares in Matomy are trading up 1.0% at 242.47 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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