Idox has seen a delay in the sign off on some contracts, particularly in its Health and Transport businesses, due to customer disruption in the wake of June’s General Election. Due to the timing impact, the group now expects FY’17 EBITDA to be c. £23m, a 15% shortfall against our expectations. Whilst we expect these contracts to close in the early part of 2018, we are keeping our FY’18 forecasts unchanged out of prudence and believe the group is set for a strong H1’18 as a result. The shares are ....
14 Nov 2017
N+1 Singer - IDOX - Pre-close trading update
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N+1 Singer - IDOX - Pre-close trading update
Idox plc (IDOX:LON) | 63.6 1.3 3.2% | Mkt Cap: 291.1m
- Published:
14 Nov 2017 -
Author:
Tintin Stormont -
Pages:
4
Idox has seen a delay in the sign off on some contracts, particularly in its Health and Transport businesses, due to customer disruption in the wake of June’s General Election. Due to the timing impact, the group now expects FY’17 EBITDA to be c. £23m, a 15% shortfall against our expectations. Whilst we expect these contracts to close in the early part of 2018, we are keeping our FY’18 forecasts unchanged out of prudence and believe the group is set for a strong H1’18 as a result. The shares are ....