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Catena Media shares soar on positive trading update

25th March 2020 10:23 am GMT

Shares in Catena Media soared by more than 60 per cent in Stockholm Wednesday as the online lead generation specialist revealed that it does not expect any negative long-term revenue effects from COVID-19.

The company said that revenue increased by 6 per cent to €18.0m during the first two months of 2020, with EBITDA climbing 17 per cent to €8.6m.

Casino represented 59 per cent of revenue during the two month period, with the segment continuing to perform well [...]

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