Kape’s interims confirm strong progress highlighted in the July update. Core Digital Privacy sales grew +19% y/y (proforma) to $253.5m, whilst smaller Digital Security and Content revenues grew +16% and +25% on a proforma basis respectively. H1 Revenues rose +217% y/y to $302.4m (inc ExpressVPN acquisition) with adj proforma EBITDA up +210% y/y to $88.9m. New today: critically cash generation has sharply improved, with adj FCF of $75m delivered (SCMe: $52m; H1'21: $10m). The material uptick in c ....
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Execution strong; FCF uplift coming through
- Published:
12 Sep 2022 -
Author:
Caspar Erskine -
Pages:
3
Kape’s interims confirm strong progress highlighted in the July update. Core Digital Privacy sales grew +19% y/y (proforma) to $253.5m, whilst smaller Digital Security and Content revenues grew +16% and +25% on a proforma basis respectively. H1 Revenues rose +217% y/y to $302.4m (inc ExpressVPN acquisition) with adj proforma EBITDA up +210% y/y to $88.9m. New today: critically cash generation has sharply improved, with adj FCF of $75m delivered (SCMe: $52m; H1'21: $10m). The material uptick in c ....