GB Group (GBG) reported FY19 results in line with recently upgraded estimates. It continues to deliver on its strategy to grow organic revenues at double-digit rates while delivering operating margins in excess of 20%. Recent acquisitions are performing well and helped drive the 56% growth in international revenues over the year. We make minor changes to our forecasts, resulting in small upgrades to normalised EPS estimates.
06 Jun 2019
GB Group - Growth and profits on track
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GB Group - Growth and profits on track
GB Group PLC (GBG:LON) | 291 -30.3 (-3.4%) | Mkt Cap: 735.8m
- Published:
06 Jun 2019 -
Author:
Katherine Thompson -
Pages:
7
GB Group (GBG) reported FY19 results in line with recently upgraded estimates. It continues to deliver on its strategy to grow organic revenues at double-digit rates while delivering operating margins in excess of 20%. Recent acquisitions are performing well and helped drive the 56% growth in international revenues over the year. We make minor changes to our forecasts, resulting in small upgrades to normalised EPS estimates.