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Rulara: Visibility judge 'insufficient', title drops

Belgian media group Rulara lost more than 3% on Wednesday in the Brussels Stock Exchange after declaring lack of visibility for the second half.

In a statement, the publisher of Echo newspaper points out that advertising revenue remains "very volatile".

There are large fluctuations from one month to another. As a result, the visibility is insufficient to make a forecast for the second semester, "he warns.

The integration of a series of magazines – including women of today – allowed it to increase its turnover in the first half by 18% to 147.9m euros.

Excluding trademarks, sales declined by 6.3%.

Its current result (EBITDA) reached 10.7m euros in the first six months of the year, compared to a loss of 5.3m last year.

Around 10.20 pm, Rulara's share lost 3.4% to 12.7 euros on the Brussels Stock Exchange, while the index of European Media Values ​​Groups, STOXX Europe 600 Optimized Media, yielded only 0.2%.

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