Today’s update reveals the Gaming division is showing particularly strong YoY revenue growth and margin performance. In consequence, FY 2016 revenue will be over $86m (compared with our previous forecast of $82.5m) and H2 EBITDA margins will be significantly higher than the 14% seen in H1. We therefore raise both our FY 2016 forecasts and our target price. We retain our FY 2017 forecast as is, ahead of the full-year results in March.
24 Nov 2016
Gaming gains
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Gaming gains
Nexteq PLC (NXQ:LON) | 157 0 0.0% | Mkt Cap: 104.5m
- Published:
24 Nov 2016 -
Author:
Cavendish Research -
Pages:
4
Today’s update reveals the Gaming division is showing particularly strong YoY revenue growth and margin performance. In consequence, FY 2016 revenue will be over $86m (compared with our previous forecast of $82.5m) and H2 EBITDA margins will be significantly higher than the 14% seen in H1. We therefore raise both our FY 2016 forecasts and our target price. We retain our FY 2017 forecast as is, ahead of the full-year results in March.