Vocento (ES:VOC) has released an update.
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Vocento has reported a 2.4% decline in revenue for the first nine months of 2024, primarily due to weaker-than-expected advertising performance in both print and digital media. Despite challenges in the press segment, the company has seen a 4.1% improvement in its diversification businesses. With an ongoing efficiency plan and strategic review under new leadership, Vocento aims to address these challenges and adjust its EBITDA targets accordingly.
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