Nova Entertainment looks set for a lift in earnings (EBITDA) of at least 20% this year.
In an unusual move for a private company, Nova has issued the positive earnings guidance to clarify its position after earlier analysis of the company’s performance.
Speaking in the Financial Review, CEO Cathy O’Connor confirmed that “the EBITDA result for the company for the current 2014 calendar year will increase again by a minimum of 20 per cent on the 2013 number, demonstrating strong growth well ahead of the radio market and the effectiveness of the company’s growth strategies.”