Catena Media has revealed an ‘exceptionally strong opening’ to its 2021 trading, as the company anticipates Q1 2021 revenues to top the €40 million mark.
This morning, the Stockholm-listed affiliate marketing publisher released its Q1 pre-close trading statement, alerting investors that Catena would deliver a record quarterly revenue performance.
Updating investors, Catena estimated that its Q1 adjusted EBITDA will fall in the range of €23.9 to €25 million, delivering an anticipated increase of between 85-to-94% on corresponding 2020 results.
The firm’s improved earnings results have been driven by a sharp increase in Catena’s EBITDA operating margins, tracked at the 59-to-62% range in comparison to 48% recorded during Q1 2020.
“Catena Media announced a strong start in January, and the business has since continued to deliver strong performance for the rest of the quarter leading to preliminary estimated quarterly all-time high revenues and earnings, which significantly exceed the market’s expectations,” a statement from Catena read.
Catena added that the figures may end up above or below the expected ranges, with the company scheduled to publish its final results for Q4 2021 on 19 May 2021.
“This trading update reaffirms our strong start to the year, and I am excited and proud of our teams’ exceptional focus on driving our global portfolio of affiliation brands, and the resulting performance,” said Catena Media CEO Michael Daly.