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Central European Media Enterprises Ltd (CETV.OQ)

CETV.OQ on NASDAQ Stock Exchange Global Select Market

4.10USD
26 May 2017
Change (% chg)

$0.10 (+2.50%)
Prev Close
$4.00
Open
$3.95
Day's High
$4.12
Day's Low
$3.92
Volume
44,377
Avg. Vol
51,355
52-wk High
$4.45
52-wk Low
$2.03

Latest Key Developments (Source: Significant Developments)

Broadcaster CME sees path to net leverage ratio falling below 6x
Wednesday, 26 Apr 2017 09:27am EDT 

April 26 (Reuters) - Central European Media Enterprises Ltd , CETV.PR:co-CEO Del Nin reiterates sees path to net leverage ratio falling below 6x in 2017, leading to further borrowing cost reduction nL5N1GT3M4.Del Nin says we have a while to go to get to a dividend stage.  Full Article

Broadcaster CME sees FY 2017 core profit growing 13-17 pct
Wednesday, 26 Apr 2017 08:48am EDT 

April 26 (Reuters) - Central European Media Enterprises Ltd , CETV.PR:says expects OIBDA growth of 13% to 17% at constant exchange rates in 2017.says expects unlevered free cash flow of $105 - 110 million at actual rates in 2017.says capex in 2017 is expected to be consistent with the amount spent in 2016 -presentation.says cash paid for income taxes in 2017 expected to be around $10 million.says anticipates using excess cash to begin repaying principal outstanding on 2018 euro term loan in november this year.says guarantee fees related to the 2019 euro term loan and 2021 euro term loan expected to be paid in kind during 2017 amount to approximately $25 million.says expect revenues to grow at a faster pace than costs in 2017 and for the next few years, leading to continued oibda margin expansion year on year -filing.says on Romania, market growth for the remainder of 2017 to be significantly lower than the growth rate in the first three months of the year -filing.says net leverage ratio has decreased to 6.3x.  Full Article

Broadcaster CME shares jump 8 percent to highest since 2013
Wednesday, 26 Apr 2017 03:13am EDT 

April 26 (Reuters) - Central European Media Enterprises Ltd , CETV.PR:shares rise to highest level since October 2013.up 8 percent at 96.95 crowns in Prague .PX.CME reported a higher-than-expected 29 percent rise in first-quarter core profit, boosted by growing television advertising markets and increasing subscription fees nL8N1HY1L8.  Full Article

Central European Media Q1 revenue rose 5 pct to $135 mln
Wednesday, 26 Apr 2017 01:54am EDT 

April 26 (Reuters) - Central European Media Enterprises Ltd :Central european media enterprises ltd. Reports results for the first quarter ended march 31, 2017.Qtrly net revenues increased 5% at actual rates and 8% at constant rates to US$135.0 million.Qtrly oibda increased 29% at actual rates and 35% at constant rates to us$ 22.1 million.Qtrly operating income increased 58% at actual rates and 68% at constant rates to US$ 12.3 million.Qtrly net loss attributable to cme ltd $0.09.Q1 revenue view $134.5 million -- Thomson Reuters I/B/E/S.  Full Article

Broadcaster CME's shares highest since March 2014, Czech Philip Morris ex-dividend
Thursday, 20 Apr 2017 03:18am EDT 

April 20 (Reuters) - Central European Media Enterprises CETV.PR:Central European Media Enterprises shares rose to their highest level since March 2014 on Thursday.shares were up 1.6 percent at 82.30 crowns at 0711 GMT.shares in Czech tobacco group Philip Morris CR fell 7.0 percent to 13,008 crowns in ex-dividend trading.  Full Article

Central European Media Enterprises announces debt repricing
Monday, 6 Mar 2017 07:30am EST 

Central European Media Enterprises Ltd : Central European Media Enterprises announces debt repricing, immediately reduces average borrowing cost on all outstanding debt by 150 basis points .Central European Media Enterprises Ltd - expected to result in at least US$30 million of savings from debt service obligations by end of next year.  Full Article

Central European Media Q4 revenue rose 6 pct to $207.1 mln
Thursday, 9 Feb 2017 01:33am EST 

Central European Media Enterprises Ltd : Q4 revenue estimate $204 million - Reuters Poll . Central European Media Enterprises LTD. reports results for the full year and fourth quarter ended December 31, 2016 . Q4 revenue rose 6 percent to $207.1 million . Qtrly net income attributable to CME Ltd. per share - diluted $0.06 . Qtrly OIBDA improved 9% to $61.3 million .Q4 OIBDA estimate $62.21 million - Reuters Poll.  Full Article

Broadcaster CME anticipates no impact of AT&T-Time Warner deal
Tuesday, 25 Oct 2016 09:32am EDT 

Central European Media Enterprises Ltd : Broadcaster CME co-CEO Michael Del Nin says on conference call: anticipates proposed AT&T acquisition of Time Warner would not have impact on CME . CME's main shareholder is Time Warner . On Saturday, AT&T Inc said it had agreed to buy Time Warner for $85.4 billion [nL1N1CS0DF] [nL8N1CV1LE] Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Broadcaster CME: 2016 OIBDA margin to be higher than 20 percent
Tuesday, 25 Oct 2016 08:26am EDT 

Central European Media Enterprises Ltd : Broadcaster cme says we anticipate our full year oibda margin in 2016 will exceed our oibda margin of 20% in 2015 -filing . Broadcaster cme says cash paid for interest will be higher in 2016 than it was in 2015, plan to use cash to pay guarantee fee related to 2018 euro term loan payable in november . Broadcaster cme says as a result, we anticipate free cash flow for 2016 will decrease significantly from $55.5 million in 2015 . Broadcaster cme says expects lower market growth in romania in q4 versus q3 Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

Broadcaster CME's Czech station sees higher 2017 prices -MediaGuru.cz
Wednesday, 12 Oct 2016 05:48am EDT 

Central European Media Enterprises Ltd : Czech unit sales executive says expects 2017 ad prices to rise 4 percent in Czech Republic -MediaGuru.cz . Jan Vlcek, sales director of Nova Group, tells MediaGuru.cz basic volume price list will go up by 3 percent, adjusting some coefficients which will result in additional 1 percent increase of the price according to projection . "This is a very conservative approach on our part, considering that market demand has exceeded its capacity potential in some periods of this year," he says referring to price list . "We see that the market is oversold. This year, significantly more GRPs have been sold on the whole market than last year. The best way how to respond is to reflect this situation in the price." . "The fundamental structure of our sales policy remains unchanged; we only introduced some minor adjustments concerning, for example, seasonal coefficients... For March, August and the first part of December we are raising the price by 5 percentage points. The other coefficients do not change." Further company coverage: [CETV.O] ((jason.hovet@thomsonreuters.com;)).  Full Article

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