oOh media Ltd (AU:OML) has released an update.
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oOh!media Limited anticipates a moderate revenue growth for 2024 despite challenging market conditions, with expected revenues between $633 million and $638 million. The company is undertaking a cost-reduction strategy to save over $15 million and improve operating margins while maintaining its leading position in the Out of Home advertising sector. Adjusted underlying EBITDA for the year is projected to be between $125 million and $128 million, as the company positions itself for future growth.
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