Vianet’s FY24 results show revenue growth of +8% to £15.2m, adjusted EBITA growth of +12% to £3.5m, EFCF of £2.1m or +£0.1m ahead of our previous forecast, proposed FY24 DPS of 0.75p +25% ahead of our previous forecast, and a confident outlook that leads us to reiterate our FY25E forecasts and upgrade FY25E DPS by +29%. After the April trading update led us to upgrade FY24 revenue +1%, upgrade adjusted EBITA +2%, and upgrade EFCF and net debt by +£0.6m, the results show strong momentum across bo ....
