Kape Technologies trading update revealed strong H1 performance from continuing operations. Revenues rose 24% y/y to $29.6m, with adjusted EBITDA margins improving to 19.6% (+260bps y/y). Strong growth is being underpinned by gains in data privacy, a market seeing strong structural growth as a function of rising consumer digital privacy awareness. Trading is in line with management expectations, and we make no changes to our full year forecasts. An EV/ Dec-19E sales multiple of 1.6x looks attrac ....
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Trading strong through H1
- Published:
30 Jul 2019 -
Author:
Caspar Erskine -
Pages:
3
Kape Technologies trading update revealed strong H1 performance from continuing operations. Revenues rose 24% y/y to $29.6m, with adjusted EBITDA margins improving to 19.6% (+260bps y/y). Strong growth is being underpinned by gains in data privacy, a market seeing strong structural growth as a function of rising consumer digital privacy awareness. Trading is in line with management expectations, and we make no changes to our full year forecasts. An EV/ Dec-19E sales multiple of 1.6x looks attrac ....