Frontier Smart has released its FY’18 results showing group revenues down 21% versus a strong comparative. FY’18 contains two contrasting halves: H1 sales were adversely impacted by Norwegian DSO overstocking issues, whilst H2 saw strong recovery. The group delivered FY’18 trading EBITDA of $0.8m, having posted a $2.1m EBITDA loss in H1. Outlook looks more positive, with modest growth expected in DAB (regulatory-driven) and Smart IoT (licencing and non-audio). Valuation remains attractive at 0.4 ....
20 Mar 2019
A tale of two halves
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A tale of two halves
Frontier Smart Technologies Group (FST:LON) | 0 0 (-0.3%)
- Published:
20 Mar 2019 -
Author:
Oliver Knott -
Pages:
3
Frontier Smart has released its FY’18 results showing group revenues down 21% versus a strong comparative. FY’18 contains two contrasting halves: H1 sales were adversely impacted by Norwegian DSO overstocking issues, whilst H2 saw strong recovery. The group delivered FY’18 trading EBITDA of $0.8m, having posted a $2.1m EBITDA loss in H1. Outlook looks more positive, with modest growth expected in DAB (regulatory-driven) and Smart IoT (licencing and non-audio). Valuation remains attractive at 0.4 ....