QMS sticks by profit estimates on the strength of digital out-of-home

May 23, 2019 9:43

Out-of-home operator QMS has stuck by its profit estimates for this financial year, joining competitor Ooh Media in bucking the general declining spend in the Australia market.

At the company’s Annual General Meeting this morning, CEO Barclay Nettlefold told investors the shift to digital out-of-home advertising and the QMS’s investments in New Zealand and the sports advertising space will see the business meet revenue and profit estimates laid out in its annual report last month.

QMS CEO Barclay Nettlefold flagged greater digital revenues, New Zealand growth and the sports stadium business as drivers of the group’s profitable outlook

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

Topics