oOh Media Oozes Confidence as It Invests Ahead of Curve
The 11.5% lift in oOh media's fiscal 2018 first-half underlying EBITDA to AUD 37.9 million was broadly in line with our expectations, as was the 1.5% drop in normalised net profit to AUD 16.1 million. However, the quality of the result was noteworthy, with a stellar 16.4% jump in revenue from the key roadside billboard category (38.7% of group revenue) and AUD 14.6 million in free cash flow the highlights. In fact, the 119% EBITDA/cash flow conversion was the highest ever recorded for the June h...oOh!media Limited is engaged in providing a range of Out Of Home advertising solution for customers in Australia and New Zealand. Co. operates in four segments namely road, which provides large format roadside billboards; retail, which provides signs in shopping centers; fly, which provides coverage across all domestic airport terminals in Australia, and also provides media to Qantas Lounge, and integrated Wi-Fi site network; and place, which operates in cafes, bars, universities and indoor social sports centers, and also operates Websites. Co. also provides complementary services, such as campaign production, campaign management, creative and digital services, and experiential advertising.
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