NCC Group has released a trading update for the 10 months to March ‘16. Group revenues are 60% ahead of last year at £166.1m, reflecting 21% organic growth as well as a contribution from recent acquisitions. We expect full year revenue to be ahead of our forecasts but, due to lower margins in Assurance and the bigger losses in Domain Services, expect the group to be broadly in-line with our FY’16 adjusted PBT forecasts, helped by a small FX tailwind. Net debt at March ‘15 is slightly higher than ....
28 Apr 2016
Strong revenue growth, margins lower
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Strong revenue growth, margins lower
NCC Group plc (NCC:LON) | 128 1.5 0.9% | Mkt Cap: 402.5m
- Published:
28 Apr 2016 -
Author:
Oliver Knott -
Pages:
4
NCC Group has released a trading update for the 10 months to March ‘16. Group revenues are 60% ahead of last year at £166.1m, reflecting 21% organic growth as well as a contribution from recent acquisitions. We expect full year revenue to be ahead of our forecasts but, due to lower margins in Assurance and the bigger losses in Domain Services, expect the group to be broadly in-line with our FY’16 adjusted PBT forecasts, helped by a small FX tailwind. Net debt at March ‘15 is slightly higher than ....