The group has announced final results in line with our forecasts, reflecting another strong year of growth. The group has very high revenue visibility and a predictable cash flow profile, and we believe that its organic and acquisitive expansion model is capable of sustaining double-digit annual growth in a large and fragmented market. Our recently upgraded forecast and target price remain unchanged, the latter implying potential share price upside of 17%.
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Final results in line
- Published:
04 Jul 2017 -
Author:
Mark Paddon -
Pages:
8
The group has announced final results in line with our forecasts, reflecting another strong year of growth. The group has very high revenue visibility and a predictable cash flow profile, and we believe that its organic and acquisitive expansion model is capable of sustaining double-digit annual growth in a large and fragmented market. Our recently upgraded forecast and target price remain unchanged, the latter implying potential share price upside of 17%.