What’s new: SimplyBiz’s 1H trading update confirms that recurring revenues from Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance: adj EPS of no less than 11p. Key points:
1H20 revenues of £28.9m (0.7% lower than 1H19: £29.1m), with Defaqto acquisition in March 2019 offsetting a significant reduction in valuation revenue caused by lockdown restrictions.
25.5% EBITDA margin benefited from cost management (1H19: 27.2%).
Cash fl ....
23 Jul 2020
SimplyBiz (SBIZ LN) - Recurring revenues show quality
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SimplyBiz (SBIZ LN) - Recurring revenues show quality
Fintel PLC (FNTL:LON) | 290 0 0.0% | Mkt Cap: 301.1m
- Published:
23 Jul 2020 -
Author:
Robin Savage -
Pages:
5
What’s new: SimplyBiz’s 1H trading update confirms that recurring revenues from Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance: adj EPS of no less than 11p. Key points:
1H20 revenues of £28.9m (0.7% lower than 1H19: £29.1m), with Defaqto acquisition in March 2019 offsetting a significant reduction in valuation revenue caused by lockdown restrictions.
25.5% EBITDA margin benefited from cost management (1H19: 27.2%).
Cash fl ....