Immedia released 1H18 results delivering a strong performance against 1H17. The Group generated revenue of £2.0m versus our FY2018E revenue estimate of £4.4m driven by better than expected revenue from both existing clients and new business wins. EBITDA of £0.04m versus a 1H17 loss of £0.10m was driven by the emerging benefits of the Group’s cost reduction measures and a favourable contract margin mix. We make no changes to our estimates but see FY18E estimates w
28 Sep 2018
1H18 result
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1H18 result
Fiinu Plc (BANK:LON) | 0.9 0 0.0% | Mkt Cap: 2.55m
- Published:
28 Sep 2018 -
Author:
Maggie Schooley -
Pages:
5
Immedia released 1H18 results delivering a strong performance against 1H17. The Group generated revenue of £2.0m versus our FY2018E revenue estimate of £4.4m driven by better than expected revenue from both existing clients and new business wins. EBITDA of £0.04m versus a 1H17 loss of £0.10m was driven by the emerging benefits of the Group’s cost reduction measures and a favourable contract margin mix. We make no changes to our estimates but see FY18E estimates w