Imagination’s interim results this week were reassuring. Underlying performance was in line and boosted by FX, leaving the group well placed for the full year. Total partner unit shipments were ahead of our expectations, offsetting some weakness in Licencing revenue. Net debt at £40.8m is well within covenants, alleviating any lingering concerns over the balance sheet. We are making material upgrades to our forecasts which are largely FX driven. With the restructuring now largely complete, and £ ....
09 Dec 2016
N+1 Singer - Imagination Technologies Group - Steadying the ship
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N+1 Singer - Imagination Technologies Group - Steadying the ship
Imagination Technologies Group (IMG:LON) | 0 0 0.0%
- Published:
09 Dec 2016 -
Author:
Oliver Knott -
Pages:
5
Imagination’s interim results this week were reassuring. Underlying performance was in line and boosted by FX, leaving the group well placed for the full year. Total partner unit shipments were ahead of our expectations, offsetting some weakness in Licencing revenue. Net debt at £40.8m is well within covenants, alleviating any lingering concerns over the balance sheet. We are making material upgrades to our forecasts which are largely FX driven. With the restructuring now largely complete, and £ ....