Gentoo Media reports Q1 revenue of EUR24m and closes Norwich division
Gentoo Media reported first-quarter revenue of EUR24 million, down from EUR25.4 million a year earlier, and said it had decided to close its Norwich division. The closure affected 41 employees, with 15 offered roles elsewhere in the group, and resulted in a EUR2.6 million non-cash impairment charge.
Gentoo’s lower revenue and Norwich closure indicate operating changes, including a non-cash impairment charge.