React’s H1 results were well flagged in the 12th May update. Revenue more than doubled to £5.1m (H1’21: £2.5m), though adj. EBITDA reduced to £162k (H1’21: £369k), reflecting a shift in mix towards Contract Maintenance (lower GM but recurring) and the additional acquired operating costs from Fidelis. Contract Maintenance represented 63.8% of H1 revenue and has been further scaled up by the acquisition of LaddersFree post period end. H2 has started well, with Contract Maintenance continuing to re ....
30 Jun 2022
In line H1 outturn; Encouraging H2 outlook
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In line H1 outturn; Encouraging H2 outlook
Reach plc (RCH:LON) | 78.2 0 0.0% | Mkt Cap: 248.7m
- Published:
30 Jun 2022 -
Author:
Greg Poulton -
Pages:
3
React’s H1 results were well flagged in the 12th May update. Revenue more than doubled to £5.1m (H1’21: £2.5m), though adj. EBITDA reduced to £162k (H1’21: £369k), reflecting a shift in mix towards Contract Maintenance (lower GM but recurring) and the additional acquired operating costs from Fidelis. Contract Maintenance represented 63.8% of H1 revenue and has been further scaled up by the acquisition of LaddersFree post period end. H2 has started well, with Contract Maintenance continuing to re ....