Vianet’s results this morning came in line with expectations, as expected following their March trading update. Revenues for the year were up 8% to £15.7M (Arden £15.3m), with adjusted operating profit at £3.9m (Arden £4.0m). The company delivered Op. margins of c25%, and recurring revenues grew to 94% (from 90%), with a dividend yield of 4.5%. We upgrade revenues to £16.5m for FY20, yet keep Op Profit broadly flat. We believe the shares are yet to reflect
04 Jun 2019
FY19 results in line; upgrade to revenues
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FY19 results in line; upgrade to revenues
Vianet Group plc (VNET:LON) | 104 0 0.0% | Mkt Cap: 30.4m
- Published:
04 Jun 2019 -
Author:
James Bayliss -
Pages:
2
Vianet’s results this morning came in line with expectations, as expected following their March trading update. Revenues for the year were up 8% to £15.7M (Arden £15.3m), with adjusted operating profit at £3.9m (Arden £4.0m). The company delivered Op. margins of c25%, and recurring revenues grew to 94% (from 90%), with a dividend yield of 4.5%. We upgrade revenues to £16.5m for FY20, yet keep Op Profit broadly flat. We believe the shares are yet to reflect