- Central European Media (NASDAQ:CETV) has leapt 12.8% following Q4 results where, excluding currency effects, OIBDA gained 16% and revenues increased 3%.
- Income from continuing operations swung to a gain of $1.1M, vs. a prior-year loss of $17.8M.
- OIBDA increased 2% on a headline basis and 16.3% ex-currency, to $56.2M. OIBDA margin rose to 28.7% from the previous 25.5%.
- The company also announced a €469M refinancing via a term loan guaranteed by Time Warner. Part of the arrangement includes extending the maturity date of an existing €251M term loan by a year, meaning the company's nearest debt maturity arrives in November 2018.
- Press Release