Billings and revenue growth: Billings increased by 10.3% to £120.2m due to H219 client wins within Corporate coming through, higher customer numbers within Consumer and earlier despatches within Christmas Savers (we estimate this timing accounts for c.3% of the overall billings growth). The revenue-to-billings ratio improved such that revenues increased by 21.3%. This followed a continued mix shifted towards the higher breakage cards/e-codes products and an increase in single-retailer b
27 Nov 2019
Interim results in line
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Interim results in line
- Published:
27 Nov 2019 -
Author:
Michael White -
Pages:
2
Billings and revenue growth: Billings increased by 10.3% to £120.2m due to H219 client wins within Corporate coming through, higher customer numbers within Consumer and earlier despatches within Christmas Savers (we estimate this timing accounts for c.3% of the overall billings growth). The revenue-to-billings ratio improved such that revenues increased by 21.3%. This followed a continued mix shifted towards the higher breakage cards/e-codes products and an increase in single-retailer b