FY17a was another year of strong growth for VLTY, revenue +165% YoY (+12% on FY17e) at €16.2m and EBITDA was +260% YoY, marginally ahead of forecasts at €8.1m. Although cash was below expectations at €0.7m, post the year-end the group reduced receivables significantly and restructured banking relationships, as a result the cash position as at 28 May 2018 improved significantly to €1.6m. Finally, the Board proposed a maiden dividend of 0.25p and intends to adopt a progressi
07 Jun 2018
Triple digit growth FY17, strong momentum 1Q18
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Triple digit growth FY17, strong momentum 1Q18
B90 Holdings plc (B90:LON) | 3.3 0 0.0% | Mkt Cap: 14.5m
- Published:
07 Jun 2018 -
Author:
Michael Campbell -
Pages:
3
FY17a was another year of strong growth for VLTY, revenue +165% YoY (+12% on FY17e) at €16.2m and EBITDA was +260% YoY, marginally ahead of forecasts at €8.1m. Although cash was below expectations at €0.7m, post the year-end the group reduced receivables significantly and restructured banking relationships, as a result the cash position as at 28 May 2018 improved significantly to €1.6m. Finally, the Board proposed a maiden dividend of 0.25p and intends to adopt a progressi