Universe has delivered final results to December FY19 in line with the trading update of early April, revealing EBITDA of £3.9m from revenue of £22.4m. Unusually strong free cash flow of £3.6m led to net cash of £2.9m, well ahead of original expectations of £0.9m net debt. Pre-COVID-19, FY20 got off to a strong start, with 1Q20 revenue of £5.2m and £16.8m visibility through recurring revenue and the order book proving underlying strength in a normal e
21 May 2020
Universe Group - FY19 on track, with a good start to FY20
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Universe Group - FY19 on track, with a good start to FY20
- Published:
21 May 2020 -
Author:
Andrew Darley | Cavendish Research -
Pages:
11
Universe has delivered final results to December FY19 in line with the trading update of early April, revealing EBITDA of £3.9m from revenue of £22.4m. Unusually strong free cash flow of £3.6m led to net cash of £2.9m, well ahead of original expectations of £0.9m net debt. Pre-COVID-19, FY20 got off to a strong start, with 1Q20 revenue of £5.2m and £16.8m visibility through recurring revenue and the order book proving underlying strength in a normal e