Interims look in line, with continued sales momentum and a record pipeline reported. Revenues increased 7% and EBITDA +13%, with cash reaching $45m - all moving in the right direction. A post half year end contract worth $7.5m signed with an operator of 50 hospitals will be recognised over the next 5 years. We upgrade to Buy (from Hold) with a new TP of 884p.
08 Mar 2016
In line interims. Value cycle gaining momentum?
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In line interims. Value cycle gaining momentum?
Craneware plc (CRW:LON) | 2,200 440 0.9% | Mkt Cap: 777.3m
- Published:
08 Mar 2016 -
Author:
Chris Glasper -
Pages:
3
Interims look in line, with continued sales momentum and a record pipeline reported. Revenues increased 7% and EBITDA +13%, with cash reaching $45m - all moving in the right direction. A post half year end contract worth $7.5m signed with an operator of 50 hospitals will be recognised over the next 5 years. We upgrade to Buy (from Hold) with a new TP of 884p.