Intertain forecasts better-than-expected revenue for 2015

Intertain Group has revealed that it expects to exceed its previously reported guidance for the 12 months through to December 31, 2015, with revenue now forecast to be as high as $375 million (€346.4 million).

The company had previously estimated total revenue for the full year to amount to between $325 million and $355 million.

However, as a result of its performance during the past 12 months, Intertain has now said this figure is more likely to be between $365 million and $375 million.

Guidance for total adjusted net income has been increased from the previous estimate of between $93 million and $106 million to  $104 million and $109 million.

In addition, guidance regarding diluted adjusted net income per share has been increased from $1.40 to $1.60, to a new estimation of between $1.60 and $1.67.

John Kennedy FitzGerald, president and chief executive of Intertain, said: “These changes to our 2015 guidance reflect the solid and consistent growth across our combined businesses.

“The company continues to generate strong cash flow from operations and we are excited about the future.”

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