Edition:
United States

Central European Media Enterprises Ltd (CETV.PR)

CETV.PR on Prague Stock Exchange

95.50CZK
10:24am EST
Change (% chg)

0.60Kč (+0.63%)
Prev Close
94.90Kč
Open
94.90Kč
Day's High
95.70Kč
Day's Low
94.80Kč
Volume
17,374
Avg. Vol
74,890
52-wk High
110.00Kč
52-wk Low
71.00Kč

Latest Key Developments (Source: Significant Developments)

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

Central European Media Reports Q4 ‍Net Income Of $0.11/Share​‍​
Thursday, 8 Feb 2018 01:53am EST 

Feb 8 (Reuters) - Central European Media Enterprises Ltd ::REPORTS RESULTS FOR THE FULL YEAR AND FOURTH QUARTER ENDED DECEMBER 31, 2017.QTRLY NET REVENUES INCREASED 15% AT ACTUAL RATES AND 5% AT CONSTANT RATES TO US$ 196.2 MILLION.‍QTRLY OIBDA INCREASED 27% AT ACTUAL RATES AND 15% AT CONSTANT RATES TO US$ 67.6 MILLION​.QTRLY ‍NET INCOME ATTRIBUTABLE TO CME LTD PER SHARE $0.11​‍​.Q4 AVERAGE REVENUE ESTIMATE $196.1 MILLION - REUTERS POLL ‍​.Q4 AVERAGE OIBDA ESTIMATE $66.7 MILLION - REUTERS POLL ‍​.CENTRAL EUROPEAN MEDIA ENTERPRISES-‍ANTICIPATE REVENUE GROWTH, WITH FOCUS ON COST CONTAINMENT, TO DRIVE PROFITABILITY GROWTH AND MARGIN EXPANSION IN 2018​.  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

Broadcaster CME: Croatia's watchdog stops sale of local subsidiary
Thursday, 16 Nov 2017 11:11am EST 

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 09:17am EDT 

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 08:30am EDT 

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 01:56am EDT 

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 05:04pm EDT 

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

BRIEF-Broadcaster CME extends maturity on 2018 euro term loan

* BROADCASTER CME SAYS IN SEC FILING ANTICIPATES TELEVISION ADVERTISING MARKETS IN EACH OF OUR OPERATING COUNTRIES WILL GROW IN 2018