SoLocal Group: Confirmation of outlook for 2016 in spite of business inflection due to the delay in the financial … – Business Wire (press release)

BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News:

SoLocal Group (Paris:LOCAL):

Q3 2016 results:

• Internet revenues of 156 M (representing 79% of total revenues), up
  +3%¹
• EBITDA²: 60 M, down -24%¹, EBITDA/revenue margin³
  of 30%

Outlook for 2016 confirmed:

• Internet revenue growth rate between 0% and +2%
• EBITDA/revenue margin²: 28%

Conquer 2018 plan postponed by 6 months due to the delay in the
financial restructuring plan impacting the commercial performance and
cash flow generation.

Jean-Pierre Remy,…

Read the full article at: http://www.businesswire.com/news/home/20161124005294/en/SoLocal-Group-Confirmation-outlook-2016-spite-business