Revenues and EBITDA are both in line, reflecting how trading was materially disrupted by strike action. Indeed a resumption of ‘normality’ will also likely be the key ingredient to a market (and Zoo’s) recovery. Reassuringly, we do see evidence of this (but caution this will take time). Even so, we do have enough confidence to maintain our FY25 forecasts looking for a 50% revenue recovery, and in conjunction with lower opex (as November’s staff cuts provide a full year of savings) do expect Zoo ....

20 Aug 2024
Waiting for the industry restart to hit the pipeline

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Waiting for the industry restart to hit the pipeline
ZOO Digital Group plc (ZOO:LON) | 10.1 0 (-3.6%) | Mkt Cap: 9.95m
- Published:
20 Aug 2024 -
Author:
James Musker -
Pages:
3 -
Revenues and EBITDA are both in line, reflecting how trading was materially disrupted by strike action. Indeed a resumption of ‘normality’ will also likely be the key ingredient to a market (and Zoo’s) recovery. Reassuringly, we do see evidence of this (but caution this will take time). Even so, we do have enough confidence to maintain our FY25 forecasts looking for a 50% revenue recovery, and in conjunction with lower opex (as November’s staff cuts provide a full year of savings) do expect Zoo ....