Prelims to March 2021 are in line with the April trading update, achieving a third consecutive year of sustainable growth in revenue (6% growth YoY) and adj EBIT (27.5% growth YoY) since management change in 2018. Free cash generation of £3.8m was well ahead of forecasts (£1mE), with y/e net cash of £8m (FY20: £-0.1m) after early conversion of the loan notes otherwise due in December 2021. Typically effective opex control still offered capacity for a marginal increase in R&D (none capitalised) a ....
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Intercede - Level up
Intercede Group plc (IGP:LON) | 110 0 0.0% | Mkt Cap: 63.8m
- Published:
08 Jun 2021 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
15
Prelims to March 2021 are in line with the April trading update, achieving a third consecutive year of sustainable growth in revenue (6% growth YoY) and adj EBIT (27.5% growth YoY) since management change in 2018. Free cash generation of £3.8m was well ahead of forecasts (£1mE), with y/e net cash of £8m (FY20: £-0.1m) after early conversion of the loan notes otherwise due in December 2021. Typically effective opex control still offered capacity for a marginal increase in R&D (none capitalised) a ....