ZOO reports on current trading, including the expectation that its £2.56m loan stock will be converted before the FY22E half year-end. Management notes strong business momentum, which is expected to continue as new production resumes. We upgrade our FY22E revenue to $49.5m from $46m, but choose to leave EBITDA unchanged given the ongoing investment in production talent and regional hubs. The dilution impact from the conversion was factored into our previous forecasts. We expect the current stren ....
23 Aug 2021
Upgrades to FY22 and FY23 estimates
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Upgrades to FY22 and FY23 estimates
ZOO Digital Group plc (ZOO:LON) | 35.5 -0.3 (-2.5%) | Mkt Cap: 34.7m
- Published:
23 Aug 2021 -
Author:
Gareth Evans | Tessa Starmer -
Pages:
3
ZOO reports on current trading, including the expectation that its £2.56m loan stock will be converted before the FY22E half year-end. Management notes strong business momentum, which is expected to continue as new production resumes. We upgrade our FY22E revenue to $49.5m from $46m, but choose to leave EBITDA unchanged given the ongoing investment in production talent and regional hubs. The dilution impact from the conversion was factored into our previous forecasts. We expect the current stren ....