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Tremor International confident for new year following “transformational” 2019

The video advertising firm is expecting to report adjusted EBITDA for 2019 of US$60mln, in line with expectations, with revenues of around US$325mln

Tremor International Ltd - Tremor International confident for new year following “transformational” 2019

Tremor International Ltd (LON:TRMR) said it is confident in its outlook for 2020 following a “transformational” 2019 which saw its merger with RythmOne.

In a trading update for the year ended 31 December, the video advertising firm said it is expecting to report adjusted earnings (EBITDA) of US$60mln, in line with expectations, with revenues of around US$325mln.

READ: Tremor jumps after it buys News Corp's Unruly video marketplace

Tremor also said it remained “highly cash generative” with net cash of US$75mln at the end of the year following a US$25mln share buyback programme and US$5mln of data pre-payments for the new year.

The company said it will “continue to evaluate” how best to deploy its cash reserves to optimise shareholder value.

Tremor also said other “synergistic initiatives” are planned for 2020, including the expansion of its exchange into international markets, a process which has been accelerated by its acquisition of News Corp's (NASDAQ:NWS) programmatic video marketplace Unruly earlier this month.

Quick facts: Tremor International Ltd

Price: 182 GBX

AIM:TRMR
Market: AIM
Market Cap: £240.57 m
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