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 impact, despite the group’s clear ongoing and building traction in its end markets.

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) | 10.1 0 (-3.6%) | Mkt Cap: 9.95m
- 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 impact, despite the group’s clear ongoing and building traction in its end markets.