IMIMobile (Buy PT 331p) has announced FY results for the year to March today, which follow on from the trading statement on the 24th April. We are not changing our published forecasts and introduce, a March 2020E for the first time, with a revenue forecast of £133m and Adj EBITDA of £16.9m. Our price target is now 331p, based on our 2020 estimates, and our view that underlying margins will grow after a period of investment. We retain our Buy rating.
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FY results
- Published:
27 Jun 2018 -
Author:
Harvey Robinson -
Pages:
4
IMIMobile (Buy PT 331p) has announced FY results for the year to March today, which follow on from the trading statement on the 24th April. We are not changing our published forecasts and introduce, a March 2020E for the first time, with a revenue forecast of £133m and Adj EBITDA of £16.9m. Our price target is now 331p, based on our 2020 estimates, and our view that underlying margins will grow after a period of investment. We retain our Buy rating.