Redcentric has announced a strong set of results for the year to March ’15, delivering organic revenue growth of 8% to £94.3m and 32% pro-forma growth in adj EBITDA to £21.4m. This period is the first full year with no acquisitions or disposals and, as flagged in March, the results are slightly ahead of our expectations at the revenue and adjusted EBITDA level. Operating cash conversion was strong at 89% although higher capex in the year led to net debt being slightly higher than our forecasts a ....
15 Jun 2015
Delivering organic growth
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Delivering organic growth
Redcentric Plc (RCN:LON) | 141 0 0.0% | Mkt Cap: 223.1m
- Published:
15 Jun 2015 -
Author:
Oliver Knott -
Pages:
3
Redcentric has announced a strong set of results for the year to March ’15, delivering organic revenue growth of 8% to £94.3m and 32% pro-forma growth in adj EBITDA to £21.4m. This period is the first full year with no acquisitions or disposals and, as flagged in March, the results are slightly ahead of our expectations at the revenue and adjusted EBITDA level. Operating cash conversion was strong at 89% although higher capex in the year led to net debt being slightly higher than our forecasts a ....