Venture Life has provided a trading update for the 12-months to December 2022, noting revenues are expected to be £44.0m, up 34% YoY and 6.5% ahead of our forecast £41.3m. Adjusted EBITDA is expected to be ‘at least in line' with estimates (Cenkos FY22E est £8.7m). The company has seen continued trading momentum in 2023, with the group's order book 114% ahead of the same period last year, on a like-for-like basis. Group leverage, expected to be c1.4x net debt to adjusted EBITDA, remains comforta ....
