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B2B media business Bonhill forecast a return to annual revenue and earnings growth for 2021 as cost cuts and efforts to launch a digital first product set were expected to boost performance.
For 2021, revenue was expected to grow by approximately 12% and EBITDA by approximately £1.2 million. That compared with expectations for 2020 revenue of £17.8 million, down from £24.4 million in 2019, and adjusted EBITDA of approximately £0.1 million, down from £2.3 million.
The company attributed the upbeat guidance to 'actions taken by the company in 2020 to address its cost base, operating structure and implement a digital first product set.'