Eckoh has provided a strong FY’Mar23 trading update which highlights the significant progress made in North America with N. American Security Solutions exit ARR up 34% organically to $15.9m (FY22: $11.9m). Group Revenues were broadly in-line with our forecasts (£39m vs £40m) but adjusted operating margin outperformed by c.50bps at 19.5%. Net Cash also surprised to the upside at £5.7m (vs SCMe: £5.4m). Looking forward, total contracted business grew >50% which alongside the launch of new products ....
25 Apr 2023
FY23 Trading Update: Cash outperforms
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY23 Trading Update: Cash outperforms
Eckoh plc (ECK:LON) | 42.5 0 0.0% | Mkt Cap: 123.4m
- Published:
25 Apr 2023 -
Author:
Tom Like -
Pages:
3
Eckoh has provided a strong FY’Mar23 trading update which highlights the significant progress made in North America with N. American Security Solutions exit ARR up 34% organically to $15.9m (FY22: $11.9m). Group Revenues were broadly in-line with our forecasts (£39m vs £40m) but adjusted operating margin outperformed by c.50bps at 19.5%. Net Cash also surprised to the upside at £5.7m (vs SCMe: £5.4m). Looking forward, total contracted business grew >50% which alongside the launch of new products ....