Business
Yellow Pages Provides Financial Outlook for 2017 Fiscal Year
Yellow Pages Provides Financial Outlook for 2017 Fiscal Year Canada NewsWire MON...
About this update from Yellow Pages Ltd.
[{"type":"text","content":"\n\n\n\nYellow Pages Provides Financial Outlook for 2017 Fiscal Year\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Feb. 21, 2017\n\n\n\nMONTREAL, Feb. 21, 2017 /CNW Telbec/ - Yellow Pages Limited (TSX: Y) (the \"Company\") today provided guidance for 2017 following the issuance of its fourth quarter and full year results on February 14, 2017.\n\nAs the Company works to address unfavourable changes in the product mix, EBITDA adjusted for restructuring and special charges (\"Adjusted EBITDA\") will remain under pressure through 2017.  \n\nAs a result, for the year ending December 31, 2017, the Company expects:\n\n\nDigital revenue growth between 4% to 7%. \nAdjusted EBITDA margin of 22% to 24%, which includes non-recurring investments related to addressing the product mix effect. \nStabilization of the customer base, driven by customer retention initiatives with a customer acquisition target of 45,000 customers. \nCapital expenditures, net of related lease incentives, of $70 million. \nThe Company expects stabilization of Adjusted EBITDA in the short to mid-term, post-2017.  \n\nAs previously communicated, the Company has initiated a review of the business strategy with the purpose of supporting the continued long-term success of a digital-first business. The areas of focus include marketing offers, customer journey, sales structure, operational platforms, and subsequent effects on long-term revenue, Adjusted EBITDA growth and capital allocation policy. The Company anticipates communicating the outcome of this exercise and the accompanying strategy in May 2017.  \n\nAs part of establishing the above guidance, the Company made the following assumptions: \n\n\nEconomic conditions in Canada do not materially deteriorate beyond currently anticipated levels; \nExposure to foreign exchange risk arising from foreign currency transactions remains insignificant; \nPrint decline rates continue at the same level; \nWe will be able to introduce, sell and provision products and services that will generate the anticipated return on investmen...