Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Frontier lowers full-year guidance amid challenging trading conditions

Wednesday, 23rd May 2018
Frontier Wednesday cut its full-year guidance and warned challenging trading conditions in the second quarter of the year would likely adversely impact performance.

The board expected full year sales of approximately US$47.7m (£34.9m) and earnings (Ebitda) of circa US$1.0m (£0.8m).

The cut to full-year estimates comes as digital radio revenues in Norway were significantly weaker than expected in the final quarter of 2018, while intense competition in the US weighed on smart audio revenue growth.

The company said it expects to report an earnings loss in first half of the year of approximately US$2.1m (£1.5m) followed by a stronger performance in second half of 2018 when earnings (Ebitda) is expected to be approximately US$3.1m (£2.3m).

At 10:32am: (LON:FST) Frontier Smart Technologies Grp Ltd share price was -60p at 89.5p

Story provided by

Related Shares: Frontier Smt

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.