Quarto has had a good start to 2016 with the momentum from FY15 carrying into the first quarter, normally the quietest period of the year. The natural seasonality gives a revenue bias to H2, which management has said will be greater this year, and our full year forecasts are unchanged. Further meaningful progress has been made on debt reduction, consistent with our year-end forecast of $53.5m, achieved without compromise on investment in IP, the lifeblood of the business. The rating continues
25 May 2016
Strong start to FY16
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Strong start to FY16
- Published:
25 May 2016 -
Author:
Fiona Orford-Williams -
Pages:
3
Quarto has had a good start to 2016 with the momentum from FY15 carrying into the first quarter, normally the quietest period of the year. The natural seasonality gives a revenue bias to H2, which management has said will be greater this year, and our full year forecasts are unchanged. Further meaningful progress has been made on debt reduction, consistent with our year-end forecast of $53.5m, achieved without compromise on investment in IP, the lifeblood of the business. The rating continues