Reported results were comfortably above the baseline 1Spatial set out in its trading statement (see Ahead on all metrics). Given the COVID-19 backdrop, 1Spatial performed robustly in FY21 overall, particularly in H2, which saw growth return to Europe and US revenue accelerate to 45% y-o-y. Current trading is described as positive, with a growing pipeline and an ‘accelerated win rate’ evidenced by the recent slew of contract wins. We lift our FY22 EBITDA forecasts by 5%, resulting in a 20% rise i ....
28 Apr 2021
1Spatial - Momentum continues; raising FY22 estimates
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1Spatial - Momentum continues; raising FY22 estimates
1Spatial Plc (SPA:LON) | 59.5 0 0.0% | Mkt Cap: 66.0m
- Published:
28 Apr 2021 -
Author:
Dan Gardiner -
Pages:
5
Reported results were comfortably above the baseline 1Spatial set out in its trading statement (see Ahead on all metrics). Given the COVID-19 backdrop, 1Spatial performed robustly in FY21 overall, particularly in H2, which saw growth return to Europe and US revenue accelerate to 45% y-o-y. Current trading is described as positive, with a growing pipeline and an ‘accelerated win rate’ evidenced by the recent slew of contract wins. We lift our FY22 EBITDA forecasts by 5%, resulting in a 20% rise i ....