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Central European Media Enterprises Ltd (CETV.PR)

CETV.PR on Prague Stock Exchange

104.20CZK
2:55pm IST
Change (% chg)

-0.40Kč (-0.38%)
Prev Close
104.60Kč
Open
103.10Kč
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104.25Kč
Day's Low
103.10Kč
Volume
11,385
Avg. Vol
70,722
52-wk High
110.00Kč
52-wk Low
63.10Kč

Latest Key Developments (Source: Significant Developments)

Broadcaster CME: Croatia's watchdog stops sale of local subsidiary
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Central European Media Enterprises Ltd :Says Croatia's watchdog has not approved CME's planned sale of its local subsidiary Nova TV.Says is reviewing the decision and evaluating potential options.  Full Article

Broadcaster CME: deleveraging a focus through end of next year
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :co-CEO says new guidance means could end 2017 with oibda at $162-165 million.co-CEO says thinks our cash paid for interest and guarantee fees in 2018 will be less than $40 million.co-CEO says deleveraging remains focus through end of next year.  Full Article

Broadcaster CME sees 2017 core profit growth at high end of guidance
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :says expects 2017 oibda growth for continuing operations at high end of 13-17 percent range at constant rates.says expects unlevered free cash flow at high end of $105-110 million range at actual rates.says capex for continuing operations in 2017 is expected to be around $30 million.says cash paid for income taxes for continuing operations in 2017 expected to be around $15 million.  Full Article

Central European Media Enterprises Qtrly loss per share $0.03
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :Central European Media Enterprises Ltd. reports results for the third quarter and nine months ended september 30, 2017.Qtrly ‍net revenues increased 11% at actual rates and 5% at constant rates to $ 119.4 million​.Qtrly ‍operating income increased 40% at actual rates and 35% at constant rates to $ 16.0 million​.Qtrly ‍OIBDA increased 30% at actual rates and 24% at constant rates to $ 25.1 million​.Qtrly ‍TV advertising revenues increased 10% at actual rates and 4% at constant rates​.Qtrly ‍carriage fees and subscription revenues increased 20% at actual rates and 15% at constant rates​.Qtrly loss per share $0.03.Proceeds from sale of operations in Croatia, Slovenia will be used to repay debt.Sale proceeds of operations in Croatia, Slovenia is expected to decrease cost of borrowing by additional 150 basis​.Raises guidance for full year​.‍"We will see our average borrowing cost decline by 125 basis points to 6.0%, its lowest level in eight years"​.  Full Article

TCS Capital Management cuts stake in Central European Media Enterprises ‍​to 7 pct from 9.8 pct
Wednesday, 11 Oct 2017 

Oct 10 (Reuters) - Central European Media Enterprises Ltd :TCS Capital Management LLC cuts stake in Central European Media Enterprises ‍​to 7.0 percent as of Oct 6 from a stake of 9.8 percent as of July 10 - SEC filing.  Full Article

Central European Media Enterprises announces divestiture of assets
Monday, 10 Jul 2017 

July 10 (Reuters) - Central European Media Enterprises Ltd ::Central European Media Enterprises announces divestiture of assets to accelerate deleveraging.Cash purchase price is EUR 230.0 million (approximately $262.5 million).Proceeds will be used to repay EUR 250.8 million term loan due 2018.Deal to be accretive to CME's OIBDA margin as well as free cash flow,.CME's current average borrowing cost expected to decrease 275 basis points to 4.5% on repayment of 2018 term loan.  Full Article

Broadcaster CME anticipates no impact of AT&T-Time Warner deal
Tuesday, 25 Oct 2016 

Central European Media Enterprises Ltd : Broadcaster CME co-CEO Michael Del Nin says on conference call: anticipates proposed AT&T acquisition of Time Warner would not have impact on CME . CME's main shareholder is Time Warner . On Saturday, AT&T Inc said it had agreed to buy Time Warner for $85.4 billion [nL1N1CS0DF] [nL8N1CV1LE] Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Broadcaster CME: 2016 OIBDA margin to be higher than 20 percent
Tuesday, 25 Oct 2016 

Central European Media Enterprises Ltd : Broadcaster cme says we anticipate our full year oibda margin in 2016 will exceed our oibda margin of 20% in 2015 -filing . Broadcaster cme says cash paid for interest will be higher in 2016 than it was in 2015, plan to use cash to pay guarantee fee related to 2018 euro term loan payable in november . Broadcaster cme says as a result, we anticipate free cash flow for 2016 will decrease significantly from $55.5 million in 2015 . Broadcaster cme says expects lower market growth in romania in q4 versus q3 Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Broadcaster CME's Czech station sees higher 2017 prices -MediaGuru.cz
Wednesday, 12 Oct 2016 

Central European Media Enterprises Ltd : Czech unit sales executive says expects 2017 ad prices to rise 4 percent in Czech Republic -MediaGuru.cz . Jan Vlcek, sales director of Nova Group, tells MediaGuru.cz basic volume price list will go up by 3 percent, adjusting some coefficients which will result in additional 1 percent increase of the price according to projection . "This is a very conservative approach on our part, considering that market demand has exceeded its capacity potential in some periods of this year," he says referring to price list . "We see that the market is oversold. This year, significantly more GRPs have been sold on the whole market than last year. The best way how to respond is to reflect this situation in the price." . "The fundamental structure of our sales policy remains unchanged; we only introduced some minor adjustments concerning, for example, seasonal coefficients... For March, August and the first part of December we are raising the price by 5 percentage points. The other coefficients do not change." Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Broadcaster CME sees Czech market revenue picking up
Tuesday, 26 Jul 2016 

Central European Media Enterprises Ltd : Co-CEO Christoph Mainusch says expects revenue in Czech market for full year to grow faster than 1 percent seen in H1, already seeing good signs of this in July and August . Net revenue in biggest market, the Czech Republic, was down 2.3 percent in second quarter . CME says advertisers allocated more of their budgets for television to the first quarter of 2016 at lower season prices, which negatively impacted second quarter . CME estimates TV ad spending in its six markets grew 5 percent in H1 Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Slovak Republic - Factors To Watch on Nov 23

BRATISLAVA, Nov 23 Here are news stories, press reports and events to watch which may affect Slovak financial markets on Thursday. ALL TIMES GMT (Slovak Republic: GMT + 1 hour) =========================ECONOMIC DATA======================== Real-time economic data releases.................. Summary of economic data and forecasts......... Recently released economic data................ Previous stories on Slovak d