Catena Media claims ‘strong growth’ as finances rise
Robert Andersson, chief executive of Catena Media, has said that the firm was able to enjoy its most “successful year to date” in 2016 after experiencing growth across key financials.
Full-year revenue amounted to €40.1 million ($42.5 million), which represents an increase of 168% on the €14.9 million posted in the previous year.
Operating profit jumped from €8.9 million to €18.7 million, while profit before tax was also up from €9 million to €17.5 million.
Confirmation of the full-year results came after a successful fourth quarter for the firm, during which revenue climbed 108% year-on-year to €12.3 million.
Operating profit was also up to €5.8 million in Q4, with profit before tax rising to €4.4 million.
“2016 was the most eventful and successful year to date for Catena Media with continued strong growth and solid results,” Andersson said.
“Looking back at what we have accomplished over the last 12 months is rather impressive.
“We have completed and integrated seven strategic acquisitions, entered three new markets, and concurrently broadened our offering, reached over 204,000 new depositing customers and increased the number of employees from 70 to 190.
“Moreover, we achieved two important milestones with the successful listing of Catena Media’s shares on Nasdaq First North Premiere and the issue of a three-year secured bond loan.”
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