Full-year results to 31 December 2019 show the company making significant progress towards a more UK-focused business offering pension administration services in adjacent markets (such as auto enrolment). It is pleasing to see top-line reported revenue growth of 8.6%, proving the growth is there to be capitalised on once operational improvements begin to bed in. Reported PBT comes in at £3.9m, down 2.7% YoY as the group invests in Carey.
28 Apr 2020
STM - Transitioning into new markets from a robust base
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STM - Transitioning into new markets from a robust base
STM Group PLC (STM:LON) | 57.5 0 0.0% | Mkt Cap: 34.2m
- Published:
28 Apr 2020 -
Author:
Cavendish Research -
Pages:
13
Full-year results to 31 December 2019 show the company making significant progress towards a more UK-focused business offering pension administration services in adjacent markets (such as auto enrolment). It is pleasing to see top-line reported revenue growth of 8.6%, proving the growth is there to be capitalised on once operational improvements begin to bed in. Reported PBT comes in at £3.9m, down 2.7% YoY as the group invests in Carey.