Redcentric delivered a strong set of prelims, with EBITDA (+21% vs FY15), revenue (+16%) and dividend (+29%) in line with unchanged expectations. With 8% organic group revenue growth, including 11% organic growth in recurring revenue, the importance of customer service and low churn is key, generating 60% of new sales key, with acquisitions boosting that base: Calyx is now integrated, and the integration of City Lifeline is well underway. Board confidence is expressed in ongoing dividend grow
16 Jun 2016
Consistent growth in recurring revenue
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Consistent growth in recurring revenue
Redcentric Plc (RCN:LON) | 143 0 0.0% | Mkt Cap: 226.3m
- Published:
16 Jun 2016 -
Author:
Andrew Darley -
Pages:
12
Redcentric delivered a strong set of prelims, with EBITDA (+21% vs FY15), revenue (+16%) and dividend (+29%) in line with unchanged expectations. With 8% organic group revenue growth, including 11% organic growth in recurring revenue, the importance of customer service and low churn is key, generating 60% of new sales key, with acquisitions boosting that base: Calyx is now integrated, and the integration of City Lifeline is well underway. Board confidence is expressed in ongoing dividend grow