Instem has reported FY21 results consistent with the January trading
statement and in line with our forecasts. Despite the ongoing
macroeconomic turbulence from Covid-19, the group continues to report
impressive revenue growth, both headline and organic. With three major
acquisitions, the group also made a strategic step change in its platform
during 2021. While the release contains positive commentary on the
outlook, we adjust FY22E and FY23E profit forecasts to reflect revised opex
assu ....
26 Apr 2022
FY21: Strong financial performance, strategic transformation
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FY21: Strong financial performance, strategic transformation
- Published:
26 Apr 2022 -
Author:
Gareth Evans | Blaine Tatum -
Pages:
8
Instem has reported FY21 results consistent with the January trading
statement and in line with our forecasts. Despite the ongoing
macroeconomic turbulence from Covid-19, the group continues to report
impressive revenue growth, both headline and organic. With three major
acquisitions, the group also made a strategic step change in its platform
during 2021. While the release contains positive commentary on the
outlook, we adjust FY22E and FY23E profit forecasts to reflect revised opex
assu ....