Intercede has reported interims confirming performance in line with unchanged expectations. 9% revenue growth at constant currency (2% reported), as reported at the October trading update, remains on track with our 10% constant currency (5% reported) forecasts. EBITDA of £0.4m, compared with £0.6m EBITDA in 1H21, reflects the impact of pay rises, with the benefit of reduced interest charges post the CLN conversion doubling adjusted PBT from £0.1m to £0.2m. The five Cs (colleagues, customers, ch ....
