Ambitious 2020 target for M&A hungry Catena Media

Ambitious 2020 target for M&A hungry Catena Media

Monday, December 11, 2017 Posted by Luke Massey
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The company reset financial targets at last week's Capital Markets Day

Hosting its Capital Markets Day, industry affiliate marketing network Catena Media has presented its ‘2020 Vision’ to investors, setting an ambitious corporate target of +€100 million in EBITDA by 2020.

To achieve its target, the Nasdaq Stockholm enterprise is confident of continuing its accelerated double-digit percentage growth momentum by optimising and revamping acquired assets.

This year has been a notable one for the company, having expanded its affiliate network and services through a series of acquisitions.

Henrik Persson Ekdahl, Acting CEO of Catena Media, said: "2017 has been characterized by several new and important acquisitions, a list change to Nasdaq Stockholm Mid-Cap and entry into new markets.

"Since we announced our new financial targets in November, we have also completed the company's largest acquisition since company inception. We are now looking forward to 2018, a year when the new businesses shall reap the results while we continue our rapid growth rate."

Undertaking its corporate goal, Catena details that in its short to medium term directive the company will operate under a Net Debt / EBITDA* range 1.5-2.5x, while it may elect to operate temporarily outside the debt range during time limited periods.

Catena has completed two further corporate acquisitions to close 2017. In November, the company acquired its first non-gambling industry asset with the purchase of Malta based financial services firm Beyondbits for €9.25 million.

Furthermore, the company announced that it had secured a €26.5 million deal for the outright acquisition of German sports betting network, Baybets.

Totally Gaming says: Undertaking an aggressive M&A strategy, Catena has been one of the industry’s biggest news makers in 2017. Will the ambitious firm relax its strategy in the new year? To secure its 2020 +€100 million in EBITDA, Catena will need to sustain both its organic and M&A targets.


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