Instem has delivered another year in line with expectations, despite strengthening FX headwinds and a continued preference for new clients to take SaaS solutions. A key highlight once again is cash generation, with Y/E net cash £4.9m better than expectations at £15.1m (preIFRS16). Three acquisitions were completed during the year and are reported to be integrating well. The outlook for the enlarged group has been strengthened, with a growing pipeline of opportunities and a significantly increase ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
In line FY21, further step change expected in FY22
- Published:
26 Jan 2022 -
Author:
Chris Glasper -
Pages:
3
Instem has delivered another year in line with expectations, despite strengthening FX headwinds and a continued preference for new clients to take SaaS solutions. A key highlight once again is cash generation, with Y/E net cash £4.9m better than expectations at £15.1m (preIFRS16). Three acquisitions were completed during the year and are reported to be integrating well. The outlook for the enlarged group has been strengthened, with a growing pipeline of opportunities and a significantly increase ....