hVIVO’s FY 2022 results exceeded expectations, with underlying (ex-£1m one-off cancellation fee) EBITDA margins reaching 16.7%. Revenues (excluding other income) rose 32% to £48.5m (FC est. £48.5m), with adjusted EBITDA and pre-tax profit ahead of forecasts at £9.1m (FC £8.6m) and £6.7m (FC £5.3m). Year-end cash of £28.4m was as previously indicated, with the company deciding to pay a 0.45p special dividend (£3.1m). With a year-end contracted order book of £76m (+65%) and continuing to grow in 2 ....

25 Apr 2023
hVIVO - FY 2022 prelims – ahead of expectations

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hVIVO - FY 2022 prelims – ahead of expectations
hVIVO plc (HVO:LON) | 17.8 -0.1 (-3.0%) | Mkt Cap: 121.9m
- Published:
25 Apr 2023 -
Author:
Mark Brewer | Cavendish Research -
Pages:
15 -
hVIVO’s FY 2022 results exceeded expectations, with underlying (ex-£1m one-off cancellation fee) EBITDA margins reaching 16.7%. Revenues (excluding other income) rose 32% to £48.5m (FC est. £48.5m), with adjusted EBITDA and pre-tax profit ahead of forecasts at £9.1m (FC £8.6m) and £6.7m (FC £5.3m). Year-end cash of £28.4m was as previously indicated, with the company deciding to pay a 0.45p special dividend (£3.1m). With a year-end contracted order book of £76m (+65%) and continuing to grow in 2 ....