What’s new: SimplyBiz’s 1H results show digital acceleration as Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance remains at 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: 27.5%).
Cash conversi ....
15 Sep 2020
SimplyBiz (SBZ LN) - Acceleration of digital delivery
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SimplyBiz (SBZ LN) - Acceleration of digital delivery
Fintel PLC (FNTL:LON) | 304 24.3 2.7% | Mkt Cap: 315.7m
- Published:
15 Sep 2020 -
Author:
Robin Savage -
Pages:
5
What’s new: SimplyBiz’s 1H results show digital acceleration as Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance remains at 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: 27.5%).
Cash conversi ....