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Central European Media Enterprises Ltd (CETV.OQ)

CETV.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Broadcaster CME sees net leverage ratio falling below 3x in Q2
Tuesday, 30 Apr 2019 09:26am EDT 

April 30 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME CO-CEO DEL NIN SAYS NET LEVERAGE RATIO SHOULD FALL BELOW 3X IN SECOND QUARTER.BROADCASTER CME CO-CEO DEL NIN SAYS NO UPDATE ON STRATEGIC REVIEW TODAY.BROADCASTER CME CO-CEO DEL NIN SAYS ON STRATEGIC REVIEW, GENERALLY SPEAKING WE ARE LOOKING AT EVERYTHING.  Full Article

Broadcaster CME sees revenue growth outpacing costs rise in 2019
Tuesday, 30 Apr 2019 08:42am EDT 

April 30 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME SAYS EXPECTS REVENUES TO GROW AT A FASTER PACE THAN COSTS IN 2019 AND FOR THE NEXT FEW YEARS, LEADING TO CONTINUED OIBDA MARGIN EXPANSION YEAR ON YEAR -FILING.BROADCASTER CME SAYS IN ROMANIA THERE MAY BE ONGOING IMPACT ON THE LEVEL OF DEMAND FROM ADVERTISERS IN THE SECTORS AFFECTED BY NEW TAXES IMPLEMENTED IN Q1.BROADCASTER CME SAYS ON ROMANIA BASED ON LEVEL OF SPENDING COMMITMENTS FOR 2019, WE BELIEVE THIS WILL BE LARGELY OFFSET BY ADDITIONAL SPENDING FROM OTHER CLIENTS.  Full Article

Broadcaster CME Raising Guidance For 2019
Tuesday, 30 Apr 2019 01:52am EDT 

April 30 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME'S CO-CEO DEL NIN SAYS RAISING GUIDANCE FOR 2019.Q1 results: nFWN22C038.  Full Article

Central European Media Enterprises Reports Qtrly Income From Cont Ops Of $0.03 Per Share
Tuesday, 30 Apr 2019 01:46am EDT 

April 30 (Reuters) - Central European Media Enterprises Ltd ::QTRLY NET REVENUES DECREASED 7% AT ACTUAL RATES BUT INCREASED 2% AT CONSTANT RATES TO US$ 146.6 MILLION.QTRLY OPERATING INCOME INCREASED 12% AT ACTUAL RATES AND 23% AT CONSTANT RATES TO US$ 27.6 MILLION.QTRLY OIBDA INCREASED 8% AT ACTUAL RATES AND 18% AT CONSTANT RATES TO US$ 38.1 MILLION.Q1 AVERAGE REVENUE ESTIMATE $154.8 MILLION - REUTERS POLL.Q1 AVERAGE OIBDA ESTIMATE $35.8 MILLION - REUTERS POLL.QTRLY DILITED INCOME FROM CONTINUING OPERATIONS $0.03 PER SHARE.  Full Article

Central European Media Enterprises Announces Plan To Review Strategic Alternatives
Monday, 25 Mar 2019 08:40am EDT 

March 25 (Reuters) - Central European Media Enterprises Ltd ::CENTRAL EUROPEAN MEDIA ENTERPRISES ANNOUNCES PLAN TO REVIEW STRATEGIC ALTERNATIVES.CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - BOARD OF DIRECTORS HAS FORMED A SPECIAL COMMITTEE.CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - BEING ADVISED BY ALLEN & COMPANY LLC AND BOFA MERRILL LYNCH AS ITS FINANCIAL ADVISORS.CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - STRATEGIC ALTERNATIVES TO BE REVIEWED MAY INCLUDE, AMONG OTHER THINGS, SALE OF PART OR ALL OF COMPANY.CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - AT&T INC., CME'S LARGEST SHAREHOLDER, SUPPORTS CME'S PLAN TO REVIEW STRATEGIC ALTERNATIVES..CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - STRATEGIC ALTERNATIVES MAY INCLUDE, RECAPITALIZATION, OR CONTINUING TO EXECUTE ON LONG-TERM BUSINESS PLAN.  Full Article

Central European Media Enterprises Reports Qtrly Diluted Income From Continuing Operations $0.05 Per Share
Tuesday, 24 Jul 2018 01:50am EDT 

July 24 (Reuters) - Central European Media Enterprises Ltd ::REPORTS RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2018.QTRLY NET REVENUES INCREASED 9% AT ACTUAL RATES AND WERE STEADY AT CONSTANT RATES TO US$ 159.6 MILLION.QTRLY DILUTED INCOME FROM CONTINUING OPERATIONS $0.05 PER SHARE.  Full Article

Broadcaster CME net leverage ratio could fall below 5x by end-Q1
Thursday, 8 Feb 2018 09:00am EST 

Feb 8 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME CO-CEO DEL NIN SAYS NET LEVERAGE RATIO COULD FALL BELOW 5X BY END OF Q1, TRIGGERING LOWERING BORROWING COSTS.  Full Article

Broadcaster CME extends maturity on 2018 euro term loan
Thursday, 8 Feb 2018 08:33am EST 

Feb 8 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME SAYS IN SEC FILING ANTICIPATES TELEVISION ADVERTISING MARKETS IN EACH OF OUR OPERATING COUNTRIES WILL GROW IN 2018.BROADCASTER CME SAYS HAVE INTRODUCED HIGHER LIST PRICES IN OUR SALES POLICIES FOR ALL OF OUR OPERATING COUNTRIES FOR 2018.BROADCASTER CME SAYS EXPECTS TO CONTINUE GROWING NON-ADVERTISING BASED CARRIAGE FEES AND SUBSCRIPTION REVENUES.BROADCASTER CME SAYS INCREASED INVESTMENTS IN LOCAL CONTENT WILL BE MOSTLY OFFSET BY COST SAVINGS.BROADCASTER CME SAYS CASH PAID FOR INCOME TAXES WILL CONTINUE TO INCREASE AS THE OPERATING COMPANIES IN EACH JURISDICTION RETURN TO GENERATING PROFITS.BROADCASTER CME SAYS IF ABLE TO REACH NET LEVERAGE RATIO NEAR 3X , EXPECT TO REVIEW OUR CAPITAL ALLOCATION STRATEGY.BROADCASTER CME SAYS IN FEBRUARY ENTERED INTO AN AMENDMENT TO THE 2018 EURO TERM LOAN THAT EXTENDED THE MATURITY DATE FROM NOVEMBER 1, 2018 TO MAY 1, 2019.BROADCASTER CME SAYS UNITED GROUP HAS REAPPLIED FOR CROATIAN REGULATORY APPROVAL AS PART OF PLANNED SALE OF CME'S ASSETS IN SLOVENIA AND CROATIA.  Full Article

Broadcaster CME expects OIBDA growth of 14-16 pct in 2018
Thursday, 8 Feb 2018 08:30am EST 

Feb 8 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME SAYS EXPECTS OIBDA GROWTH OF 14% - 16% AT CONSTANT EXCHANGE RATES IN 2018 FOR CONTINUING OPERATIONS.BROADCASTER CME SAYS EXPECTS UNLEVERED FREE CASH FLOW GROWTH OF 20% - 25% AT ACTUAL RATES.BROADCASTER CME SAYS AT CURRENT SPOT RATES, THIS CONSTANT CURRENCY OIBDA GROWTH WOULD TRANSLATE TO AROUND US$ 205 MILLION.  Full Article

Broadcaster CME aims to cut debt, lower borrowing costs in 2018
Thursday, 8 Feb 2018 01:53am EST 

Feb 8 (Reuters) - Central European Media Enterprises Ltd ::BROADCASTER CME SAYS EXPECTS TO USE INCREASED CASH GENERATION, SALE PROCEEDS FROM SLOVENIA AND CROATIAN OPERATIONS, WARRANT PROCEEDS, AND DEBT SAVINGS TO PAY DOWN "SIGNIFICANT" BALANCE OF PRINCIPAL ON DEBT IN 2018.BROADCASTER CME SAYS THESE ACTIONS WOULD RESULT IN A NET LEVERAGE RATIO AROUND 3X BY THE END OF THE YEAR.BROADCASTER CME SAYS UPON CLOSING OF THE SALE TRANSACTION AND REPAYMENT OF DEBT, WE EXPECT OUR AVERAGE BORROWING COST TO BE 4.5 PERCENT.  Full Article

UPDATE 1-Broadcaster CME lifts 2019 profit guidance after Q1 beat

PRAGUE, April 30 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.