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Ocean Outdoor predicts ‘high single digital growth’ following Forrest Media acquistion

on Aug 29, 2018 | 0 comments

By Stephen Lepitak

Ocean Outdoor has said that it expects to report ‘high single digit’ growth for its full results next year.

The digital out of home (DOOH) media company, which among other activities completed the acquisition of Forrest Media in Scotland as well as Ocelot Partners this year, revealed gross profit growth of 8.4% to £8.8m within its half year update.

The figures, reporting up to 30 June, also saw billing remain ‘steady’ at £31.9m, while revenue rose by 1.8% to £22.5m, with digital billings also making up more revenue that ever at 93% of the total.

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Source: The Drum