21 Oct 2020
Strong Q1, +6% FY21 revenue upgrade
Positive update today, reporting that trading in FYJun21 has begun well. As a result – and also thanks to DOTD’s strong revenue visibility – revenue guidance is already being upgraded. Consequently, we lift FY21E sales by 6% to £53.0m, so now expecting +12% y/y growth. To put this into context, growth fell to +9% in 2H20. We find this rapid recovery to more typical growth levels highly encouraging. Guidance for profit and cash is reiterated, meaning we leave both profit and cash forecasts unchan ....
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Strong Q1, +6% FY21 revenue upgrade
dotDigital Group plc (DOTD:LON) | 85.6 0.7 0.9% | Mkt Cap: 262.4m
- Published:
21 Oct 2020 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
Positive update today, reporting that trading in FYJun21 has begun well. As a result – and also thanks to DOTD’s strong revenue visibility – revenue guidance is already being upgraded. Consequently, we lift FY21E sales by 6% to £53.0m, so now expecting +12% y/y growth. To put this into context, growth fell to +9% in 2H20. We find this rapid recovery to more typical growth levels highly encouraging. Guidance for profit and cash is reiterated, meaning we leave both profit and cash forecasts unchan ....