Redcentric has delivered FY22 results in line with expectations and has executed on its stated scale and capability acquisitions and integration delivery plans, setting itself up to reach £150m revenue at 25% EBITDA in FY24, alongside characteristically strong cash generation. It delivered £23.7m EBITDA (+8.3% underlying growth) from £93.3m revenue (+3.2% underlying growth), leading to FCF of £10m. Since March, management has confirmed trading in line with expectations, with the benefit of acqui ....
21 Jul 2022
Redcentric - FY22 results: game changed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Redcentric - FY22 results: game changed
Redcentric Plc (RCN:LON) | 142 1.4 0.7% | Mkt Cap: 225.1m
- Published:
21 Jul 2022 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
18
Redcentric has delivered FY22 results in line with expectations and has executed on its stated scale and capability acquisitions and integration delivery plans, setting itself up to reach £150m revenue at 25% EBITDA in FY24, alongside characteristically strong cash generation. It delivered £23.7m EBITDA (+8.3% underlying growth) from £93.3m revenue (+3.2% underlying growth), leading to FCF of £10m. Since March, management has confirmed trading in line with expectations, with the benefit of acqui ....