Catena posts record financials in Q1

Catena Media has reported a record set of quarterly financial results for the three months to March 31.

Revenue in the quarter amounted to €23.9m ($28.4m), up 57% from €15.2m in the corresponding period last year.

Earnings before interest, tax, deprecation and amortisation (EBITDA) came in at €10.4m, up 44% on last year, while adjusted EBITDA also climbed 63% year-on-year to €12.4m.

Net cash from operating activities increased from €4m to €10.3m, while Catena also saw the number of new depositing customers jump 66% to 133,322.

Earnings per share before dilution came in at €0.09 for the first quarter, while earnings per share after dilution stood level at €0.08.

Henrik Persson Ekdahl, acting chief executive of Catena said: “The quarter was the best to date, up 19% from Q4 2017 and we are progressing well towards our 2020 target.”

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