While one-off adjustments make the picture more confusing than many investors would like, the company is performing well and investing for the future, where we believe a scalable, reliable business has the potential to emerge. EBITDA comes in at 60% of our full-year number, while underlying PBT of £1.6m was 60%.
10 Sep 2019
STM - Reported EBITDA in line amidst investment for the future
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STM - Reported EBITDA in line amidst investment for the future
STM Group PLC (STM:LON) | 57.5 0 0.0% | Mkt Cap: 34.2m
- Published:
10 Sep 2019 -
Author:
Cavendish Research -
Pages:
5
While one-off adjustments make the picture more confusing than many investors would like, the company is performing well and investing for the future, where we believe a scalable, reliable business has the potential to emerge. EBITDA comes in at 60% of our full-year number, while underlying PBT of £1.6m was 60%.