H1 trading is in line with full year expectations maintained. Underlying UK revenues were up 7% yoy and US SecPay ARR grew 29% yoy. Offsetting this was the intentional wind down of support services (some 10% revenue drag) and FX (some 3% drag). H1 FCF looks to have come in at a healthy c. £2.6m leaving net cash at £12.7m. Alongside encouraging continuing business trends Eckoh points to UK activity levels having gradually improved, reaching pre-pandemic levels in September. Both US SecPay and the ....
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Trading in line – recovery play
Eckoh plc (ECK:LON) | 43.5 0 0.0% | Mkt Cap: 126.3m
- Published:
02 Nov 2021 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
H1 trading is in line with full year expectations maintained. Underlying UK revenues were up 7% yoy and US SecPay ARR grew 29% yoy. Offsetting this was the intentional wind down of support services (some 10% revenue drag) and FX (some 3% drag). H1 FCF looks to have come in at a healthy c. £2.6m leaving net cash at £12.7m. Alongside encouraging continuing business trends Eckoh points to UK activity levels having gradually improved, reaching pre-pandemic levels in September. Both US SecPay and the ....