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 ....

23 Nov 2021
Intercede - Secure interims to September
Intercede Group plc (IGP:LON) | 67.5 -0.3 (-0.7%) | Mkt Cap: 39.3m
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Andrew Darley | Kimberley Carstens
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15 pages
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Intercede - Secure interims to September
Intercede Group plc (IGP:LON) | 67.5 -0.3 (-0.7%) | Mkt Cap: 39.3m
- Published:
23 Nov 2021 -
Author:
Andrew Darley | Kimberley Carstens -
Pages:
15 -
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 ....