National World, a London-listed news publisher, has announced its positive outlook for 2023. The company anticipates an increase in revenue driven by strong digital growth and a cost-reduction strategy. Moreover, National World expects its adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) to surpass £9.0 million ($11.4 million).
Promising Financial Results
For the year ended December 30, National World projects a 5% rise in group revenue, surpassing £88.0 million compared to £84.1 million for the same period the previous year. The company also aims to achieve revenues exceeding £100 million in 2024, highlighting its ambitious growth targets. Furthermore, National World plans to enhance its Ebitda margin in 2024.
A Sustainable Model for the Future
Chairman David Montgomery states that the short-term revenue boost will pave the way for a new sustainable model that will become evident in 2024. The company is currently developing several key initiatives that are in an advanced stage and will contribute to its future success.
National World's positive outlook is a testament to its commitment to growth and innovation in the ever-evolving digital publishing industry.
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