GB Group’s H119 update confirmed that the business is trading in line with expectations, with underlying organic revenue growth of 11% and underlying operating profit growth of 7% compared to H118. While our underlying forecasts are unchanged, we have upgraded our estimates to reflect the recent Vix Verify Global acquisition, which results in a 2.7% increase in our normalised FY20 EPS forecast.
25 Oct 2018
GB Group - FY19 growth on track
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
GB Group - FY19 growth on track
GB Group PLC (GBG:LON) | 253 7.6 1.2% | Mkt Cap: 639.1m
- Published:
25 Oct 2018 -
Author:
Katherine Thompson -
Pages:
4
GB Group’s H119 update confirmed that the business is trading in line with expectations, with underlying organic revenue growth of 11% and underlying operating profit growth of 7% compared to H118. While our underlying forecasts are unchanged, we have upgraded our estimates to reflect the recent Vix Verify Global acquisition, which results in a 2.7% increase in our normalised FY20 EPS forecast.