IMImobile interim results were in line. Revenues were up 26% to £67.2m (2017: £53.1m), this is 15% organic growth. Gross profit was up 18% to £29.2m (2017: £24.7m), 3% organic or 10% organic excluding impact of MTN. Adjusted EBITDA up 35% to £7.7m (2017: £5.7m). Adjusted cash generated from operating activities of £6.1m representing operating cash conversion of 80% (2017: 100%). Net debt at 30 September 2018 was £9.3m (31 March 2018: net cash &p
20 Nov 2018
Interim Results in line
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Interim Results in line
- Published:
20 Nov 2018 -
Author:
Harvey Robinson -
Pages:
4
IMImobile interim results were in line. Revenues were up 26% to £67.2m (2017: £53.1m), this is 15% organic growth. Gross profit was up 18% to £29.2m (2017: £24.7m), 3% organic or 10% organic excluding impact of MTN. Adjusted EBITDA up 35% to £7.7m (2017: £5.7m). Adjusted cash generated from operating activities of £6.1m representing operating cash conversion of 80% (2017: 100%). Net debt at 30 September 2018 was £9.3m (31 March 2018: net cash &p