ZOO’s FY20 update suggests an element of delay in various projects towards the end of the year as Covid-19 has slowed customers’ projects. Revenue is now expected to be shy of our previous forecasts, at around $30m. EBITDA was also impacted, but to a lower extent, presumably on the basis of prudence in the estimates, and is likely to reach some $2.2m against our $3.6m estimate. We choose to withdraw our 2021 estimates, on the basis of the current confusion around Coronavirus impac
23 Mar 2020
H2 below plan but still strong
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H2 below plan but still strong
ZOO Digital Group plc (ZOO:LON) | 37.8 0 0.0% | Mkt Cap: 36.9m
- Published:
23 Mar 2020 -
Author:
Gareth Evans -
Pages:
3
ZOO’s FY20 update suggests an element of delay in various projects towards the end of the year as Covid-19 has slowed customers’ projects. Revenue is now expected to be shy of our previous forecasts, at around $30m. EBITDA was also impacted, but to a lower extent, presumably on the basis of prudence in the estimates, and is likely to reach some $2.2m against our $3.6m estimate. We choose to withdraw our 2021 estimates, on the basis of the current confusion around Coronavirus impac