Tremor International Ltd - Israel-based video advertising technologies firm - Says December trading was at a record high, with the performance expected to result in full year earnings ahead of its November forecast.
The company now expects 2020 revenue of between USD404 million to USD408 million and adjusted earnings before interest, tax, depreciation, and amortization of between USD58 million to USD60 million. This compares to the November forecast of revenue of between USD390 million to USD400 million and adjusted Ebitda of USD50 million to USD52 million.
Revenue for 2019 was USD325.8 million and adjusted Ebitda was USD60.4 million.
Looking ahead, Tremor says: "The board and management of Tremor believe that the growth demonstrated in the second half of 2020 is set to continue through 2021, despite the ongoing uncertainty and impacts relating to the Covid-19 pandemic."
Current stock price: 434.20 pence
Year-to-date change: up 11%
By Ife Taiwo; ifetaiwo@alliancenews.com
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