Instem reported double-digit revenue growth in the first half of 2017, although profitability was reduced by ongoing investment in the business. Underlying trading remains strong, and the group reported an impressive improvement in revenue visibility vs H1 16. The group consolidated global operations during the period, expected to deliver £1.5m annual cost savings going forward. We make modest reductions to revenue expectations to reflect caution in the earnings release, but leave profi
26 Sep 2017
Strategic progress; strong underlying trading
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Strategic progress; strong underlying trading
- Published:
26 Sep 2017 -
Author:
Gareth Evans -
Pages:
4
Instem reported double-digit revenue growth in the first half of 2017, although profitability was reduced by ongoing investment in the business. Underlying trading remains strong, and the group reported an impressive improvement in revenue visibility vs H1 16. The group consolidated global operations during the period, expected to deliver £1.5m annual cost savings going forward. We make modest reductions to revenue expectations to reflect caution in the earnings release, but leave profi