DOTD has delivered interims to December in line with unchanged expectations, including revenue growth of 9.4% vs unchanged FY expectations of 7.4%. The group is delivering an EBITDA margin of 33%, and a prospective FY FCF yield of 3.9%, with £49.6m cash. DOTD operates as if 2 profiles of business: the mature, higher operating margin, lower growth EMEA business; and the higher growth, lower margin APAC and North American businesses. Disruption caused by staff changes in the higher growth regions ....
