FY23 results reflect a year of transition in a challenging market. Adj. EBITDA was slightly ahead of guidance at £4.6m (2022: £12.4m). We forecast adj. EBITDA of £6.0m/£7.2m in FY24/FY25 or £4.1m/£5.6m after lease costs. Net debt is expected to reduce to £20m/£18m (FY23: £22.9m), with leverage of 4.9x/3.2x. Headroom against the £24m debt facility has significantly improved but execution of a more focused revenue growth and margin recovery strategy in Legal Services is key to getting leverage dow ....
30 Apr 2024
Strategically refocused on Legal Services
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Strategically refocused on Legal Services
RBG Holdings Plc (RBGP:LON) | 11.8 0 0.0% | Mkt Cap: 15.1m
- Published:
30 Apr 2024 -
Author:
Greg Poulton -
Pages:
3
FY23 results reflect a year of transition in a challenging market. Adj. EBITDA was slightly ahead of guidance at £4.6m (2022: £12.4m). We forecast adj. EBITDA of £6.0m/£7.2m in FY24/FY25 or £4.1m/£5.6m after lease costs. Net debt is expected to reduce to £20m/£18m (FY23: £22.9m), with leverage of 4.9x/3.2x. Headroom against the £24m debt facility has significantly improved but execution of a more focused revenue growth and margin recovery strategy in Legal Services is key to getting leverage dow ....