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Is APN Outdoor Group Ltd (ASX:APO) set to grow in 2018?

Credit: Franciso Diez

APN Outdoor Group Ltd (ASX: APO) has announced that it expects FY 2018 underlying EBITDA to be in the range of $92 million to $96 million.

The underlying EBITDA guidance is based on expected mid-to-high-single digit revenue growth this year when compared to last year and excludes the impact of the Yarra Trams contract loss in 2017.

APN and its competitors oOh!Media Ltd (ASX: OML) and QMS Media Ltd (ASX: QMS) have seen their shares smashed over the last year due to long term headwinds affecting their industry.

Shareholders will now hope that this is the beginning of a new growth phase, as the company focuses on integrating data and technology to its product proposition.

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya.

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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