The FY17 prelims confirm Fulcrum has progressed to its growth phase as it develops the top line. FY17 results were significant with PBT growth of 51%, DPS growth of 111%, a net cash balance of £12.6m and a 39% increase in the order book. We expect PBT growth of 14% and 9% in FY18 and FY19 as it evolves into a multi-utility infrastructure service provider and grows its annuity income. EBITDA margins are set to expand from 19.3% in FY17 to over 21% by FY20 and the cash position will finan
08 Jun 2017
The next phase of development
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The next phase of development
- Published:
08 Jun 2017 -
Author:
Andy Smith -
Pages:
13
The FY17 prelims confirm Fulcrum has progressed to its growth phase as it develops the top line. FY17 results were significant with PBT growth of 51%, DPS growth of 111%, a net cash balance of £12.6m and a 39% increase in the order book. We expect PBT growth of 14% and 9% in FY18 and FY19 as it evolves into a multi-utility infrastructure service provider and grows its annuity income. EBITDA margins are set to expand from 19.3% in FY17 to over 21% by FY20 and the cash position will finan