Altitude has announced multiple new contracts in its Adjacent Markets Programmes (AMP) that are expected to have a significant impact on Group revenue. Zeus adjusted EBITDA forecasts are upgraded 11.9% in FY24 and 24.2% in FY25 to reflect this. The Group has also guided that FY23 adjusted EBITDA is expected to be above expectations (£1.70m), so we upgrade by 8.8% to £1.85m. Today’s contract wins and confident outlook statement provide further positive momentum. Altitude shares trade below our up ....

28 Mar 2023
Altitude Group (ALT LN) - New major contracts and FY23 ahead of expectations

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Altitude Group (ALT LN) - New major contracts and FY23 ahead of expectations
Altitude Group plc (ALT:LON) | 42.0 0 0.0% | Mkt Cap: 29.8m
- Published:
28 Mar 2023 -
Author:
Andy Hanson | Carl Smith, CFA -
Pages:
8 -
Altitude has announced multiple new contracts in its Adjacent Markets Programmes (AMP) that are expected to have a significant impact on Group revenue. Zeus adjusted EBITDA forecasts are upgraded 11.9% in FY24 and 24.2% in FY25 to reflect this. The Group has also guided that FY23 adjusted EBITDA is expected to be above expectations (£1.70m), so we upgrade by 8.8% to £1.85m. Today’s contract wins and confident outlook statement provide further positive momentum. Altitude shares trade below our up ....