Harwood Wealth has issued a strong full year trading statement. Revenue and adjusted EBITDA for the full year are now expected to be ahead of market expectations. Performance has been positive during H2 with the combination of organic and acquisitive growth continuing. We upgrade our FY17e EBITDA forecast by 11% to £4.0m. With a pipeline of acquisitions, organic growth potential and a well capitalised balance sheet, we see intrinsic value at >230p in time.
16 Nov 2017
N+1 Singer - Harwood Wealth - Ahead of expectations, upgrading forecasts
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Harwood Wealth - Ahead of expectations, upgrading forecasts
Harwood Wealth Management (HW.:LON) | 0 0 0.0% | Mkt Cap: 89.1m
- Published:
16 Nov 2017 -
Author:
Andrew Watson -
Pages:
5
Harwood Wealth has issued a strong full year trading statement. Revenue and adjusted EBITDA for the full year are now expected to be ahead of market expectations. Performance has been positive during H2 with the combination of organic and acquisitive growth continuing. We upgrade our FY17e EBITDA forecast by 11% to £4.0m. With a pipeline of acquisitions, organic growth potential and a well capitalised balance sheet, we see intrinsic value at >230p in time.