As promised, Tinexta has provided new financial guidance for FY20. Against a tough macroeconomic backdrop, the new guidance implies a y-o-y revenue decline of c 3%, but an improvement in EBITDA of 1%. This is encouraging given the cyclicality of some of the businesses and highlights that the cost base has been managed well. The expected improvement in margin for Digital Trust is impressive. The EV/EBITDA multiple for FY20e is 9.4x. We maintain our estimates.
24 Jun 2020
Tinexta - Reassuring guidance for FY20
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tinexta - Reassuring guidance for FY20
As promised, Tinexta has provided new financial guidance for FY20. Against a tough macroeconomic backdrop, the new guidance implies a y-o-y revenue decline of c 3%, but an improvement in EBITDA of 1%. This is encouraging given the cyclicality of some of the businesses and highlights that the cost base has been managed well. The expected improvement in margin for Digital Trust is impressive. The EV/EBITDA multiple for FY20e is 9.4x. We maintain our estimates.