What’s new: SimplyBiz’s trading update gives clear guidance for their full year results due on 16 March:
- £61m revenue (3% below 2019 revenue: £63m);
- 28.3% adjusted EBITDA margin (same as 2019: 28.3%), which implies £17.4m adjusted EBITDA (i.e. 2% lower than 2019 adj EBITDA of £17.8m);
- Robust cash flow conversion (calculated as adjusted EBITDA, less working capital movements, lease payments, CAPEX, development expenditure, corporation tax paid and interest, as a percentage of Adjusted EB ....
26 Jan 2021
SimplyBiz (SBIZ LN) - Marginally ahead of July guidance
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SimplyBiz (SBIZ LN) - Marginally ahead of July guidance
Fintel PLC (FNTL:LON) | 283 -2.8 (-0.4%) | Mkt Cap: 293.9m
- Published:
26 Jan 2021 -
Author:
Robin Savage -
Pages:
4
What’s new: SimplyBiz’s trading update gives clear guidance for their full year results due on 16 March:
- £61m revenue (3% below 2019 revenue: £63m);
- 28.3% adjusted EBITDA margin (same as 2019: 28.3%), which implies £17.4m adjusted EBITDA (i.e. 2% lower than 2019 adj EBITDA of £17.8m);
- Robust cash flow conversion (calculated as adjusted EBITDA, less working capital movements, lease payments, CAPEX, development expenditure, corporation tax paid and interest, as a percentage of Adjusted EB ....