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Catena Media slips to Q4 operating loss as write-downs impact bottom line

18th February 2020 10:58 am GMT

Shares in Catena Media slumped by nearly 18 per cent in Stockholm Tuesday after the company warned that it would post an operating loss for the final quarter of 2019.

Catena Media said that its Q4 results would be impacted by the impairment of intangible assets, the adoption of IFRS 9 accounting assumptions, and an exceptional revenue adjustment in the United States.

As a result, the online lead generation specialist expects Q4 operating revenue to decline by 0.7 per cent to €27.1m, [...]

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