Idox has announced that contract slippages in health and transport have impacted FY2017E profit expectations. Management is keen to stress that the affected deals are simply delayed, not cancelled, and that it expects those contracts to be signed in the coming weeks – meaning that FY 2018E has started “with strong momentum”. We reduce FY 2017E EBITDA by 15% to reflect the guidance in the announcement but leave FY 2018E estimates unchanged ahead of December’s preliminar
15 Nov 2017
Contract slippages impact FY17E performance
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Contract slippages impact FY17E performance
Idox plc (IDOX:LON) | 62.0 0 0.0% | Mkt Cap: 284.8m
- Published:
15 Nov 2017 -
Author:
Blaine Tatum -
Pages:
4
Idox has announced that contract slippages in health and transport have impacted FY2017E profit expectations. Management is keen to stress that the affected deals are simply delayed, not cancelled, and that it expects those contracts to be signed in the coming weeks – meaning that FY 2018E has started “with strong momentum”. We reduce FY 2017E EBITDA by 15% to reflect the guidance in the announcement but leave FY 2018E estimates unchanged ahead of December’s preliminar