In a busy period that included the July acquisitions of Sungard and 4D, RCN reports revenue & EBITDA in line with expectations, and a positive outlook with a significant increase in sales orders in 2Q23. The Sungard integration is complete, with duplicated costs and transitional arrangements ceased, and phase one of staff restructuring complete (saving £3.2m salaries). Some temporary costs, formerly adjudged exceptionals and opex, are redefined as IFRS16 charges, leaving FY23 EBITDA expectations ....
15 Nov 2022
Redcentric - Interim trading update
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Redcentric - Interim trading update
Redcentric Plc (RCN:LON) | 142 1.4 0.7% | Mkt Cap: 225.1m
- Published:
15 Nov 2022 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
6
In a busy period that included the July acquisitions of Sungard and 4D, RCN reports revenue & EBITDA in line with expectations, and a positive outlook with a significant increase in sales orders in 2Q23. The Sungard integration is complete, with duplicated costs and transitional arrangements ceased, and phase one of staff restructuring complete (saving £3.2m salaries). Some temporary costs, formerly adjudged exceptionals and opex, are redefined as IFRS16 charges, leaving FY23 EBITDA expectations ....