Headline revenue growth of 19% reflects a full half contribution of ID Scan and a pickup in organic growth to 12% across the year driven by the excellent performance from the higher margin international services. The mix effects of this growth resulted in EBIT of £17m, 4% ahead of our forecasts, and a 1.1pp improvement in the operating margin.
20 Apr 2017
Pickup in H2 organic growth as expected
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Pickup in H2 organic growth as expected
GB Group PLC (GBG:LON) | 300 126.6 16.3% | Mkt Cap: 757.5m
- Published:
20 Apr 2017 -
Author:
Bridie Barrett -
Pages:
3
Headline revenue growth of 19% reflects a full half contribution of ID Scan and a pickup in organic growth to 12% across the year driven by the excellent performance from the higher margin international services. The mix effects of this growth resulted in EBIT of £17m, 4% ahead of our forecasts, and a 1.1pp improvement in the operating margin.