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Trading statements

Entertainment One revenues up

31 March 2017 09:12

Entertainment One has seen strong growth in reported revenue and underlying earnings and the group said it expected the trading performance for the year ending 31 March to be in line with forecasts.

The group said there had been strong growth in both Television and Family and an improved second half performance in Film.

It said year-end adjusted net debt was anticipated to be around 1.2x - 1.3x underlying EBITDA and performance for the year had been in line with expectations and consistent with trends highlighted at the interim results on 22 November.

Chief executive Darren Throop said: "The group has had a good year, with strong performance in both Television and Family and major progress on the reshaping of the Film business.

"Management anticipates that the group will deliver a full year performance in line with expectations as it continues to deliver against its stated strategy of increasing the quality and value of its library of content."

At 9:12am: (LON:ETO) Entertainment One Group share price was +6.45p at 237.65p

Story provided by StockMarketWire.com

Related Company: ETO

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