Finance

Catena Media share price plunges despite “exceedingly strong Q3”

Impairment costs on intangible assets in Germany and France result in net loss

Catena Media’s share price dropped nearly 12% as the affiliate announced a net loss of €36.7m (£30.9m) during its third quarter results. The Stockholm-listed firm pointed to impairment costs on intangible assets in Germany and France of €49.4m based on recent regulation in both countries. This resulted in an increase of operating costs of 349.9%.…

Afffiliates | Catena Media | Finance | Michael Daly | Q3 2021

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