
24 Aug 2023
Redcentric - Prelims to FY23: eyes on the prize in FY25
Prelims to March 2023 reiterate the significant revenue benefit of the acquisitions in the year. FY23 EBITDA growth of 3% to £24.5m was generated from revenue growth of 52% to £141.7m, highlighting the FY24-25 opportunity for material EBITDA growth once post-acquisition cost management completes. While the FY23 revenue expansion is set off by some cost increases (principally, but not solely, energy), £16.2m cost savings have been delivered with a further £5.8m in process during FY24. This will m ....

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Redcentric - Prelims to FY23: eyes on the prize in FY25
Redcentric Plc (RCN:LON) | 132 -6.6 (-3.7%) | Mkt Cap: 209.9m
- Published:
24 Aug 2023 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
15 -
Prelims to March 2023 reiterate the significant revenue benefit of the acquisitions in the year. FY23 EBITDA growth of 3% to £24.5m was generated from revenue growth of 52% to £141.7m, highlighting the FY24-25 opportunity for material EBITDA growth once post-acquisition cost management completes. While the FY23 revenue expansion is set off by some cost increases (principally, but not solely, energy), £16.2m cost savings have been delivered with a further £5.8m in process during FY24. This will m ....