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Ocean Outdoor quarterly revenue falls 36%; warns of more lockdown pain
StockMarketWire.com
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Outdoor advertising company Ocean Outdoor said its third-quarter revenue had fallen by more than a third as the pandemic hit demand.
Revenue for the three months through September on a proforma basis had dropped 36% to £21.0 million.
The company warned that a new national lockdown in the UK and more stringent local measures in the Netherlands and across the Nordics had temporarily paused an improving trend.
It consequently anticipated a weaker end to the year than previously envisaged.
'The ongoing developments mean that it is not yet possible to reinstate guidance,' Ocean Outdoor said.
At 8:54am: (LON:OOUT) Ocean Outdoor Limited Ord Npv Di share price was 0p at 6.18p
Story provided by StockMarketWire.com
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