Prelims are in line with the trading update including net debt of £39.5m as expected, revenue of £104.6m (£106.2mE), and EBITDA £17.3m (£17.5mE). Sales targets were met: 88 new customer logos added £19.4m initial total contract value, while three public sector contract renewals illustrated the continuing quality of service delivery. A deliberate move away from product sales and a continuing caution means we adjust FY18 revenue forecasts -6% and EBITDA -5%,
29 Jun 2017
Prelims set the base line
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Prelims set the base line
Redcentric Plc (RCN:LON) | 144 5 2.5% | Mkt Cap: 227.5m
- Published:
29 Jun 2017 -
Author:
Andrew Darley -
Pages:
4
Prelims are in line with the trading update including net debt of £39.5m as expected, revenue of £104.6m (£106.2mE), and EBITDA £17.3m (£17.5mE). Sales targets were met: 88 new customer logos added £19.4m initial total contract value, while three public sector contract renewals illustrated the continuing quality of service delivery. A deliberate move away from product sales and a continuing caution means we adjust FY18 revenue forecasts -6% and EBITDA -5%,