St Ives has reported profits (PBT +4.3%) and net debt (£5.2m) better than expectations due to Strategic Marketing outperforming and several different cash flow items. Trading in Strategic Marketing (over 93% of our group FY18 EBIT forecast) is healthy with visibility decent and a good pipeline leading us to lift forecasts (FY18 EPS +9.7%, see below). Marketing Activation visibility is normal with one large contract due for renewal next calendar year. Our forecasts remain modest as they do for th ....
03 Oct 2017
N+1 Singer - St Ives - Profit and cash ahead, earn-outs higher
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 - St Ives - Profit and cash ahead, earn-outs higher
Kin and Carta Plc (KCT:LON) | 128 0 0.0% | Mkt Cap: 228.6m
- Published:
03 Oct 2017 -
Author:
Johnathan Barrett -
Pages:
4
St Ives has reported profits (PBT +4.3%) and net debt (£5.2m) better than expectations due to Strategic Marketing outperforming and several different cash flow items. Trading in Strategic Marketing (over 93% of our group FY18 EBIT forecast) is healthy with visibility decent and a good pipeline leading us to lift forecasts (FY18 EPS +9.7%, see below). Marketing Activation visibility is normal with one large contract due for renewal next calendar year. Our forecasts remain modest as they do for th ....