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BRIEF-Broadcaster CME targets break-even free cash flow to pay down debt
2016年4月27日 / 下午1点37分 / 2 年前

BRIEF-Broadcaster CME targets break-even free cash flow to pay down debt

April 27 (Reuters) - Central European Media Enterprises

* co-CEO Michael Del Nin, on conference call, says targeting free cash flow in 2016 to be break-even

* “As we aim to use free cash flow to reduce our debt we are targeting free cash flow for the full year to be approximately break-even.”

* CME said earlier it expected unlevered free cash flow of $85 million to $95 million at actual rates in 2016

* Del Nin says anticipates OIBDA margin in 2016 will exceed 20 percent margin in 2015

* says expects interest expense in Q2 will be $20 million lower than in Q1

* says cash interest payments will be higher this year

* says expects another strong year of earnings improvement in 2016 Further company coverage:

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