Idox has issued a trading update indicating that full year revenues and adjusted EBITDA, excluding the disposed Digital business, will be £67.2m and £14.4m, respectively. The group has made good progress with revenue recognition, increased focus on recurring revenues, cost reductions and improved cash conversion – with the promise of more to come in FY 2019 and beyond. Further encouragement comes from an improved performance from the continuing businesses in H2 and the appointment of a new leade ....
27 Nov 2018
FY results reflect operating model improvements, with more to come
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FY results reflect operating model improvements, with more to come
Idox plc (IDOX:LON) | 62.0 0 0.0% | Mkt Cap: 284.8m
- Published:
27 Nov 2018 -
Author:
N+1 Singer Team -
Pages:
4
Idox has issued a trading update indicating that full year revenues and adjusted EBITDA, excluding the disposed Digital business, will be £67.2m and £14.4m, respectively. The group has made good progress with revenue recognition, increased focus on recurring revenues, cost reductions and improved cash conversion – with the promise of more to come in FY 2019 and beyond. Further encouragement comes from an improved performance from the continuing businesses in H2 and the appointment of a new leade ....