Agora sees 2022 EBITDA at PLN 200 mln

Media company Agora targets revenue at about PLN 1.6 billion and EBITDA at PLN 200 million in 2022. The company plans to keep current dividend policy of PLN 0.5 per share, Agora said in the new strategy for 2018-2022. Agora plans that Helios cinema network revenue will increase by 44 percent (9.5 percent on average per year) to PLN 507.3 million by 2022. In the same period Helios EBITDA is expected to increase by 36 percent to PLN 81.7 million. The new strategy is focused on intensive digitization of the group's activities concentrating on the development of sales of content in a digital subscription model. Agora added that it plans growth in the new areas through both organic development and by acquisitions. The group plans to invest up to PLN 930 million by 2022.