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Central European Media Enterprises Ltd (CETV.PR)

CETV.PR on Prague Stock Exchange

93.90CZK
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Change (% chg)

-0.60Kč (-0.63%)
Prev Close
94.50Kč
Open
93.00Kč
Day's High
94.40Kč
Day's Low
92.00Kč
Volume
14,734
Avg. Vol
122,920
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95.00Kč
52-wk Low
62.00Kč

Latest Key Developments (Source: Significant Developments)

Broadcaster CME: Croatia's watchdog stops sale of local subsidiary
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Central European Media Enterprises Ltd :Says Croatia's watchdog has not approved CME's planned sale of its local subsidiary Nova TV.Says is reviewing the decision and evaluating potential options.  Full Article

Broadcaster CME: deleveraging a focus through end of next year
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :co-CEO says new guidance means could end 2017 with oibda at $162-165 million.co-CEO says thinks our cash paid for interest and guarantee fees in 2018 will be less than $40 million.co-CEO says deleveraging remains focus through end of next year.  Full Article

Broadcaster CME sees 2017 core profit growth at high end of guidance
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :says expects 2017 oibda growth for continuing operations at high end of 13-17 percent range at constant rates.says expects unlevered free cash flow at high end of $105-110 million range at actual rates.says capex for continuing operations in 2017 is expected to be around $30 million.says cash paid for income taxes for continuing operations in 2017 expected to be around $15 million.  Full Article

Central European Media Enterprises Qtrly loss per share $0.03
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Central European Media Enterprises Ltd :Central European Media Enterprises Ltd. reports results for the third quarter and nine months ended september 30, 2017.Qtrly ‍net revenues increased 11% at actual rates and 5% at constant rates to $ 119.4 million​.Qtrly ‍operating income increased 40% at actual rates and 35% at constant rates to $ 16.0 million​.Qtrly ‍OIBDA increased 30% at actual rates and 24% at constant rates to $ 25.1 million​.Qtrly ‍TV advertising revenues increased 10% at actual rates and 4% at constant rates​.Qtrly ‍carriage fees and subscription revenues increased 20% at actual rates and 15% at constant rates​.Qtrly loss per share $0.03.Proceeds from sale of operations in Croatia, Slovenia will be used to repay debt.Sale proceeds of operations in Croatia, Slovenia is expected to decrease cost of borrowing by additional 150 basis​.Raises guidance for full year​.‍"We will see our average borrowing cost decline by 125 basis points to 6.0%, its lowest level in eight years"​.  Full Article

TCS Capital Management cuts stake in Central European Media Enterprises ‍​to 7 pct from 9.8 pct
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Central European Media Enterprises Ltd :TCS Capital Management LLC cuts stake in Central European Media Enterprises ‍​to 7.0 percent as of Oct 6 from a stake of 9.8 percent as of July 10 - SEC filing.  Full Article

Central European Media Enterprises announces divestiture of assets
Monday, 10 Jul 2017 

July 10 (Reuters) - Central European Media Enterprises Ltd ::Central European Media Enterprises announces divestiture of assets to accelerate deleveraging.Cash purchase price is EUR 230.0 million (approximately $262.5 million).Proceeds will be used to repay EUR 250.8 million term loan due 2018.Deal to be accretive to CME's OIBDA margin as well as free cash flow,.CME's current average borrowing cost expected to decrease 275 basis points to 4.5% on repayment of 2018 term loan.  Full Article

Broadcaster CME lifts 2019 profit guidance after first quarter beat

PRAGUE Central European Media Enterprises (CME) lifted its guidance for 2019 core profit growth on Tuesday after reporting higher than expected first-quarter earnings despite a drop in revenue.