H1 revenue and EBITDA are ahead and underpinned by healthy cash generation. The 25% EBITDA margin objective has been achieved and the Company is now targeting 30% and we expect even higher in the long term given the likely maturity profile of a data business with a highly efficient model. Turning to trading the outlook appears well underpinned with 15% total deferred revenue growth and a very impressive 13% organic rate which implies a sharp acceleration from an already healthy 7% in H1. If it w ....
29 Jul 2019
Strong start to the year
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Strong start to the year
GlobalData Plc (DATA:LON) | 200 -2 (-0.5%) | Mkt Cap: 1,694m
- Published:
29 Jul 2019 -
Author:
Johnathan Barrett -
Pages:
4
H1 revenue and EBITDA are ahead and underpinned by healthy cash generation. The 25% EBITDA margin objective has been achieved and the Company is now targeting 30% and we expect even higher in the long term given the likely maturity profile of a data business with a highly efficient model. Turning to trading the outlook appears well underpinned with 15% total deferred revenue growth and a very impressive 13% organic rate which implies a sharp acceleration from an already healthy 7% in H1. If it w ....