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15 Oct 2019
Core holding continues to deliver
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Core holding continues to deliver
DotDigital Group PLC (DOTD:LON) | 66.4 1.5 3.4% | Mkt Cap: 203.2m
- Published:
15 Oct 2019 -
Author:
Singer CM Team -
Pages:
3 -
dotdigital’s final results contain no surprises, having been largely flagged at the trading update in July. The group continues to deliver high quality growth, with good progress being made across each of its strategic pillars. Group organic revenue growth from continuing operations of 15% was driven by growth in all geographic regions, with new product functionality continuing to drive increased revenue from existing customers. Further strong execution is expected and we are making no major changes to our forecasts. With net cash balances forecast to rise quickly from here, we believe the group has strong opportunities for both organic and acquisitive growth, offering multiple avenues for future value creation.