HT&E reports a 35% decline for 2020, but a bright future for 2021 | radioinfo

HT&E reports a 35% decline for 2020, but a bright future for 2021

Thursday 06 May, 2021
CEO, Ciaran Davis
HT&E have reported to shareholders that the company has navigated COVID-19 well, maintaining strategic focus, and with confidence in the advertising market returning, radio’s relevance remains strong.
 
In a presentation to shareholders, HT&E underlined their position as the best performing audio company in Australia that has further growth opportunities in digital audio.
 
With a strong balance sheet that includes $112m net cash and despite a revenue fall from $252.7m to $197.3 and EBITDA down 35% to $49.3m, the company feels that advertising sentiment for radio remains incredibly resilient and momentum is building for 2021.
 


 
CEO, Ciaran Davis, says, “I'm pleased to say that ARN has emerged in stronger operational and strategic shape with a clear focus on how to drive long term growth for the company.
 
“We are fortunate that our core broadcast radio assets continue to perform strongly, are best in market and the advertising sentiment for radio remains incredibly resilient. Looking to the future, we are building a business that will become Australia's destination of choice for audio content and commercial innovation."


 
 

 


 

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