In FY23 results to December, UK-based managed services provider Tialis Essential IT has reported +55% revenue growth in-line at £22.4m (was £22.0mE), profitability at the adj PBT level of £1.1m (FY22: £-0.6m) despite higher-than-expected exceptional costs and £3.7m net debt, demonstrating the benefits of previous restructuring across the Group. The successful acquisition and integration of lower-margin, revenue-accretive Allvotec contracts led to lower than expected 30% gross margin, which we ex ....
10 May 2024
Tialis Essential IT - FY23 benefits from restructure, maiden FY24 forecasts
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tialis Essential IT - FY23 benefits from restructure, maiden FY24 forecasts
Tialis Essential IT PLC (TIA:LON) | 57.5 0 0.0% | Mkt Cap: 14.0m
- Published:
10 May 2024 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
15
In FY23 results to December, UK-based managed services provider Tialis Essential IT has reported +55% revenue growth in-line at £22.4m (was £22.0mE), profitability at the adj PBT level of £1.1m (FY22: £-0.6m) despite higher-than-expected exceptional costs and £3.7m net debt, demonstrating the benefits of previous restructuring across the Group. The successful acquisition and integration of lower-margin, revenue-accretive Allvotec contracts led to lower than expected 30% gross margin, which we ex ....