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Catena Media shares soar on positive trading update

25th March 2020 10:23 am GMT
Catena Media

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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