ESYS’s delivered revenue growth of +3% y/y to £10.9m in H1, even as CV19 headwinds continued to impact operations. US performance remains on track, delivering strong +20% y/y growth in recurring revenues to £5.3m (+13% h/h); yet unexpected site churn in UK ops (c20 sites we estimate) saw total sites fall to 470 (FY’21: 474), offsetting US site gains. UK site losses, coupled with the continued elongation of landlord decision-making cycles (driven by CV19 uncertainty) means Group performance is be ....
01 Mar 2022
H1 TU: Decision-making cycles elongated
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H1 TU: Decision-making cycles elongated
essensys PLC (ESYS:LON) | 18.2 0 0.0% | Mkt Cap: 11.8m
- Published:
01 Mar 2022 -
Author:
Caspar Erskine -
Pages:
3
ESYS’s delivered revenue growth of +3% y/y to £10.9m in H1, even as CV19 headwinds continued to impact operations. US performance remains on track, delivering strong +20% y/y growth in recurring revenues to £5.3m (+13% h/h); yet unexpected site churn in UK ops (c20 sites we estimate) saw total sites fall to 470 (FY’21: 474), offsetting US site gains. UK site losses, coupled with the continued elongation of landlord decision-making cycles (driven by CV19 uncertainty) means Group performance is be ....