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BRIEF-Everysport Media Group revises annual targets
October 6, 2016 / 2:42 PM / a year ago

BRIEF-Everysport Media Group revises annual targets

Oct 6 (Reuters) - Everysport Media Group AB :

* Says to implement proposed strategic initiatives, with launch of Leader Media as first step

* Annual targets for company as a whole are revised

* Previously, annual targets for EBITDA margin of 7-9 percent was announced and sees that it is still a reasonable goal for the underlying business which shows good organic growth and a desired stability

* However, costs associated with new initiatives mean that annual target for the group will not be reached

* New goal is to continue to deliver a positive EBITDA for the full year at group level

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