Harwood Wealth has posted in line final results. Adj. EBITDA is as expected: £6.1m vs N+1Se £6.0m. Earnings growth is strong, reflecting organic growth and annualising acquisitions. Nine bolt ons were completed in the year, a further one announced today, with 2 at signed heads and a further 6 in advanced stages. We do not change our earnings forecasts but take this opportunity to issue maiden FY21 estimates. Shares are trading at an attractive multiple (15x) below the sector before a consolidati ....
23 Jan 2019
Finals in line, strong growth continues
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Finals in line, strong growth continues
Harwood Wealth Management (HW.:LON) | 0 0 0.0% | Mkt Cap: 89.1m
- Published:
23 Jan 2019 -
Author:
Andrew Watson -
Pages:
3
Harwood Wealth has posted in line final results. Adj. EBITDA is as expected: £6.1m vs N+1Se £6.0m. Earnings growth is strong, reflecting organic growth and annualising acquisitions. Nine bolt ons were completed in the year, a further one announced today, with 2 at signed heads and a further 6 in advanced stages. We do not change our earnings forecasts but take this opportunity to issue maiden FY21 estimates. Shares are trading at an attractive multiple (15x) below the sector before a consolidati ....