With 16% revenue growth and stable adjusted EBITA margins, GB Group’s H117 results were in line with guidance given at the October trading update. Acquisitions are performing well and like-for-like growth, 11%, is expected to accelerate further in the second half. We make no changes to our estimates and consider the shares, down 25% since the trading update, to be oversold.
05 Dec 2016
Full year on track
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GB Group PLC (GBG:LON) | 300 126.6 16.3% | Mkt Cap: 757.5m
- Published:
05 Dec 2016 -
Author:
Bridie Barrett -
Pages:
7
With 16% revenue growth and stable adjusted EBITA margins, GB Group’s H117 results were in line with guidance given at the October trading update. Acquisitions are performing well and like-for-like growth, 11%, is expected to accelerate further in the second half. We make no changes to our estimates and consider the shares, down 25% since the trading update, to be oversold.