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Did The Seven West (ASX:SWM) Trading Update Make For Good Viewing?

Seven West Media Limited (ASX:SWM) released a trading update today with details of expected EBIT for the FY19 year, will it keep investors entertained?
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Seven West Media Limited (ASX: SWM) released a trading update today with details of expected EBIT for the FY19 year, will it keep investors entertained?

Seven West Media is one of Australia’s prominent media companies. It is well-known for its television channels which include Seven, 7TWO and 7MATE, among others. It also has a presence in magazines and news with The Sunday Times, Better Homes and Gardens and New Idea being only just a few of its written media offerings.

Seven West FY19 Trading Update

Today Seven West released an update outlining that it expects FY19 underlying Group EBIT to be lower than the prior year (click here to learn what EBIT means).

Underlying EBIT for the FY18 year was $235.6 million, with FY19’s underlying EBIT expected to be in the range of $210 million to $220 million, this is a potential drop of between $15.6 million to $25.6 million.

Seven West said that it has grown revenue share this financial year. However, the revised guidance reflects soft conditions within the advertising sector coupled with uncertainty surrounding the Federal Election.

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