Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
Investing.com -- Shares of Facilities By ADF, a company providing production facilities for the UK film and TV market, fell to an all-time low following the company’s announcement that this year’s revenue and profit will be substantially below market expectations due to the current challenging conditions.
Early afternoon trading in Europe saw the shares down 27%, or 7.50 pence, at 20.50 pence, after an earlier low of 18.40 pence. So far this year, the shares have dropped 16% and are 15% lower over the past three months.
The London-listed company has forecasted a revenue of 56.8 million pounds ($73.1 million) and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 15.8 million pounds for this year.
Facilities By ADF anticipates reporting revenue of 35.2 million pounds for the year ended Dec. 31, 2024, a slight increase from 34.8 million pounds in 2023. The company also expects adjusted EBITDA to be 7.2 million pounds, slightly lower than the 7.3 million pounds reported in 2023. The earnings report is expected to be released in early May.
As of Dec. 31, the company reported having 2.5 million pounds in cash, with a net debt of 13.7 million pounds.
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