In FY 2016 management has delivered strong growth in revenue and earnings in the core Gaming division while benefiting from a full year of the Densitron acquisition. This has more than doubled group revenue and contributed to an outstanding 45% YoY increase in FD Adj. EPS to 16.4c. Indeed, Densitron revenue was higher than we anticipated leading to a 5% revenue beat although higher amortisation and tax charges left earnings in line with expectations. The usual strong cash generation (FCF up 1
22 Mar 2017
Densitron adds to strong Gaming growth
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Densitron adds to strong Gaming growth
Nexteq PLC (NXQ:LON) | 150 -3 (-1.3%) | Mkt Cap: 100.1m
- Published:
22 Mar 2017 -
Author:
Cavendish Research -
Pages:
12
In FY 2016 management has delivered strong growth in revenue and earnings in the core Gaming division while benefiting from a full year of the Densitron acquisition. This has more than doubled group revenue and contributed to an outstanding 45% YoY increase in FD Adj. EPS to 16.4c. Indeed, Densitron revenue was higher than we anticipated leading to a 5% revenue beat although higher amortisation and tax charges left earnings in line with expectations. The usual strong cash generation (FCF up 1