With new management (CEO appointed April 2018) having put in place a programme of change designed to restore profitability within 24 months, profit has been delivered a year early. The focus on a straightforward remedy of combining growth sales with cutting of costs led to a revision of expectations straight after March year end, confirmed at prelims with EBITDA of £0.4m vs £-1.8mE. While end-period outperformance highlights the risks (and reward) inherent in a licence model, the
05 Jun 2019
Intercede - Delivering on promises
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Intercede - Delivering on promises
Intercede Group plc (IGP:LON) | 106 0 0.0% | Mkt Cap: 61.4m
- Published:
05 Jun 2019 -
Author:
Andrew Darley -
Pages:
12
With new management (CEO appointed April 2018) having put in place a programme of change designed to restore profitability within 24 months, profit has been delivered a year early. The focus on a straightforward remedy of combining growth sales with cutting of costs led to a revision of expectations straight after March year end, confirmed at prelims with EBITDA of £0.4m vs £-1.8mE. While end-period outperformance highlights the risks (and reward) inherent in a licence model, the