Team Internet’s FY23 results confirmed another strong year of trading from its Online Marketing and Online Presence businesses. Both revenue and EBITDA growth remained in double digits, margins on net revenue continued to improve, and cash conversion remained strong. We continue to believe that the Group has substantial long-term growth opportunities including international expansion, new partner development, and vertical integration. In our view, Team Internet’s strong track record, cash genera ....
18 Mar 2024
Team Internet Group (TIG LN) - Record results
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Team Internet Group (TIG LN) - Record results
Team Internet Group plc (TIG:LON) | 189 3 0.9% | Mkt Cap: 490.5m
- Published:
18 Mar 2024 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
13
Team Internet’s FY23 results confirmed another strong year of trading from its Online Marketing and Online Presence businesses. Both revenue and EBITDA growth remained in double digits, margins on net revenue continued to improve, and cash conversion remained strong. We continue to believe that the Group has substantial long-term growth opportunities including international expansion, new partner development, and vertical integration. In our view, Team Internet’s strong track record, cash genera ....