H1 growth was impacted by extended sales cycles and the company’s strategy to focus on growth accounts. The company anticipates these trends will continue in H2 and expects its full year results to be below market expectations. We lower our FY25 revenue forecast to £20.5m from £25.0m and our Adjusted EBITDA to £0.9m from £2.2m. We believe our revised FY25 estimates are conservative. The company has high visibility into our revised sales estimates with 86% of H1 sales expected to recur in H2. In ....

03 Dec 2024
SysGroup (SYS LN) - H1 FY25 results

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SysGroup (SYS LN) - H1 FY25 results
SysGroup plc (SYS:LON) | 24.0 0.1 2.1% | Mkt Cap: 20.0m
- Published:
03 Dec 2024 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
8 -
H1 growth was impacted by extended sales cycles and the company’s strategy to focus on growth accounts. The company anticipates these trends will continue in H2 and expects its full year results to be below market expectations. We lower our FY25 revenue forecast to £20.5m from £25.0m and our Adjusted EBITDA to £0.9m from £2.2m. We believe our revised FY25 estimates are conservative. The company has high visibility into our revised sales estimates with 86% of H1 sales expected to recur in H2. In ....