iEnergizer, the Indian outsourcing provider, this morning released their FY19A results showing total revenues of $177.1m, up 12.9% YoY (Arden est $172m,) and EBITDA of $50.1m, up 29.7% (Arden est $48.0m), representing a standout 28.3% margin. We upgrade our FY20E forecasts by 3.1% at EBITDA level to $51.0m, and release FY21E forecasts (EBITDA $52.9m); 28.0% margin. The Company has reinstated a regular dividend as of these results, with 10.4p (13.3c) offering a yield of 5.2% FY20E. We increase o ....
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iEnergizer - FY19 results and Reinstatement of Dividend
- Published:
25 Jun 2019 -
Author:
James Bayliss -
Pages:
6
iEnergizer, the Indian outsourcing provider, this morning released their FY19A results showing total revenues of $177.1m, up 12.9% YoY (Arden est $172m,) and EBITDA of $50.1m, up 29.7% (Arden est $48.0m), representing a standout 28.3% margin. We upgrade our FY20E forecasts by 3.1% at EBITDA level to $51.0m, and release FY21E forecasts (EBITDA $52.9m); 28.0% margin. The Company has reinstated a regular dividend as of these results, with 10.4p (13.3c) offering a yield of 5.2% FY20E. We increase o ....