Redcentric has released its interim results for the six months to 30th September 2015. 15% revenue growth to £54.0m (8% organic) and 17% EBITDA growth to £18.8m are in-line with expectations and leave the group well placed to meet our forecasts for the full year. Net debt post the Calyx acquisition is slightly higher than forecast at £16.5m (N+1Se: £14.1m) but remains well within existing facilities. Integration of Calyx was completed in September and we expect the benefits to flow through in th ....
09 Nov 2015
Interim results predictably solid
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Interim results predictably solid
Redcentric Plc (RCN:LON) | 144 5 2.5% | Mkt Cap: 227.5m
- Published:
09 Nov 2015 -
Author:
Oliver Knott -
Pages:
3
Redcentric has released its interim results for the six months to 30th September 2015. 15% revenue growth to £54.0m (8% organic) and 17% EBITDA growth to £18.8m are in-line with expectations and leave the group well placed to meet our forecasts for the full year. Net debt post the Calyx acquisition is slightly higher than forecast at £16.5m (N+1Se: £14.1m) but remains well within existing facilities. Integration of Calyx was completed in September and we expect the benefits to flow through in th ....