SQS’s trading update released this morning indicates results in line with expectations, and a significantly stronger financial position than at the start of FY15, with net debt below our forecast. Revenue growth is underpinned by solid performances from Managed Services and Specialist Consulting, augmented by the three acquisitions. Material improvement in the FY15 net debt position, to €7m beats our €13m forecast, adding to reassurance around trading. We make no changes to ou

14 Jan 2016
Trading update – in line with expectations

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Trading update – in line with expectations
Leverage Shares -1x Short Square ETP (SQS:LON) | 319 0 0.0% | Mkt Cap: 0.27m
- Published:
14 Jan 2016 -
Author:
Gareth Evans -
Pages:
2 -
SQS’s trading update released this morning indicates results in line with expectations, and a significantly stronger financial position than at the start of FY15, with net debt below our forecast. Revenue growth is underpinned by solid performances from Managed Services and Specialist Consulting, augmented by the three acquisitions. Material improvement in the FY15 net debt position, to €7m beats our €13m forecast, adding to reassurance around trading. We make no changes to ou