05 Dec 2017
N+1 Singer - Gateley - In line interim results, seasonally stronger H2 expected
Gateley has produced double-digit H1 revenue growth with adjusted EBITDA 6% up on the prior year, a little better than suggested by the recent trading update. The company continues to invest in future growth (in particular, launching a new Global Mobility Service), hence a continuance of last year’s trading pattern of H1 EBITDA lagging both H1 revenue growth and full year expected EBITDA growth. Operating cashflow continues to be healthy, albeit not as strong as internally budgeted and the H1 di ....
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N+1 Singer - Gateley - In line interim results, seasonally stronger H2 expected
Gateley (Holdings) Plc (GTLY:LON) | 126 0 0.0% | Mkt Cap: 165.9m
- Published:
05 Dec 2017 -
Author:
Trevor Griffiths -
Pages:
3
Gateley has produced double-digit H1 revenue growth with adjusted EBITDA 6% up on the prior year, a little better than suggested by the recent trading update. The company continues to invest in future growth (in particular, launching a new Global Mobility Service), hence a continuance of last year’s trading pattern of H1 EBITDA lagging both H1 revenue growth and full year expected EBITDA growth. Operating cashflow continues to be healthy, albeit not as strong as internally budgeted and the H1 di ....