Appreciate's results came in ahead of our, and the market's, expectations, and a great acquisition was announced to boot. The outlook remains positive, with management confirming that the large transformation spend is complete and the associated one-off costs should cease. If that occurs, and our forecasts are correct, then EBIT could very quickly ramp in FY23 – and beyond, once the acquired business has bedded in and is contributing.
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Appreciate Group - FY Results - June 2022
- Published:
28 Jun 2022 -
Author:
Oliver Juggins -
Pages:
7
Appreciate's results came in ahead of our, and the market's, expectations, and a great acquisition was announced to boot. The outlook remains positive, with management confirming that the large transformation spend is complete and the associated one-off costs should cease. If that occurs, and our forecasts are correct, then EBIT could very quickly ramp in FY23 – and beyond, once the acquired business has bedded in and is contributing.