Latest

Classic radio follows the trend of other media

Klassik Radio’s revenue will increase by 17 percent in 2019 to EUR 18.2 million. EBIT also increased from EUR 1.5 million to EUR 2.2 million. Higher taxes depressed earnings from EUR 0.33 per share to EUR 0.32 per share.

In 2020, the general crisis will also affect classic radio. Advertising revenue has been falling significantly since March. Similar media have already reported similar things, e.g. ProSiebenSat.1. A recovery is noticeable again, however, one is still far from the pre-crisis level. It is also questionable which concert revenues the company can actually book this year.

SMC Research analysts therefore expect sales of EUR 15.3 million in 2020. They see earnings per share at EUR 0.07. The forecast for 2021 is 18.0 million euros or 0.31 euros.

As before, the analysts issue a buy recommendation for the shares of Klassik Radio. In the current study, the target price drops from EUR 10.30 to EUR 8.60.

Klassik Radio shares remain unchanged at EUR 6.75.

Related Articles

Back to top button