Final results came in +6% ahead of our recently upgraded expectations, capping off a remarkable year of growth and progress for the group. On a purely organic basis, +26% revenue growth and continued margin expansion was hugely impressive. The addition of Engine UK into FY23, acquired at an attractive multiple, combined with the initial Mach49 contract win revenue means that FY23 is also likely to be another record year for the group. We upgrade our FY23 / FY24 PBT estimates by +2% / +5% respectively.
08 Apr 2022
Next Fifteen Communications Group PLC
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Next Fifteen Communications Group PLC
Next 15 Group plc (NFG:LON) | 925 0 0.0% | Mkt Cap: 918.5m
- Published:
08 Apr 2022 -
Author:
Iain Daly -
Pages:
8
Final results came in +6% ahead of our recently upgraded expectations, capping off a remarkable year of growth and progress for the group. On a purely organic basis, +26% revenue growth and continued margin expansion was hugely impressive. The addition of Engine UK into FY23, acquired at an attractive multiple, combined with the initial Mach49 contract win revenue means that FY23 is also likely to be another record year for the group. We upgrade our FY23 / FY24 PBT estimates by +2% / +5% respectively.