Seven West Media Limited (ASX: SWM) Managing Director and Chief Executive Officer, James Warburton, will deliver the attached presentation at the Macquarie Australia Conference today.
The presentation includes a trading update that upgrades SWM’s expectations for earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2021-22 financial year from the previous guidance of between $315 million and $325 million to between $335 million and $340 million.
Mr Warburton said:
“The earnings upgrade reflects the strength of advertising markets and the ongoing success of Seven’s broadcast and digital businesses.
“The recent acquisition of Prime Media Group, coupled with the winning performance of the Seven broadcast television business and the strong growth of 7plus, make SWM the undisputed leader in the national total television market – a position that we plan to build on in the future.”
This release has been authorised to be given to ASX by the Board of Seven West Media Limited.
