RBG’s update confirms H1 revenue of £18.4m (H1’23 £19.8m), reflecting an in line performance in the first four months of the year, followed by a quieter May and June. Against this, we would anticipate a broadly break even H1 EBITDA outturn. Net debt was £24.4m at Jun. ’24 (Dec. ’23: £23.0m), with the debt facility fully utilised. Encouragingly, activity levels have recovered in July. A number of significant pipeline opportunities give management confidence in achieving a broadly in line FY24 out ....


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Anticipating a broadly in line FY24 outturn
- Published:
30 Jul 2024 -
Author:
Greg Poulton -
Pages:
3 -
RBG’s update confirms H1 revenue of £18.4m (H1’23 £19.8m), reflecting an in line performance in the first four months of the year, followed by a quieter May and June. Against this, we would anticipate a broadly break even H1 EBITDA outturn. Net debt was £24.4m at Jun. ’24 (Dec. ’23: £23.0m), with the debt facility fully utilised. Encouragingly, activity levels have recovered in July. A number of significant pipeline opportunities give management confidence in achieving a broadly in line FY24 out ....