The FY21 results have come in ahead of expectations lifted at the post-YE update in January; the revenue slightly better and the Adj. LBITDA some 15% lower. IQGeo has performed very well in FY21, culminating in a recent raft of contract wins showing continued strong demand from both telecom and electricity network operators. Including a year of OSPi (acquired Dec20) FY21 revenue saw a +51% yoy increase (with +18% yoy organic growth). This step-change in scale more than halved the loss. The YE ca ....
22 Mar 2022
IQGeo Group - A year of organic and acquired growth in recurring revenue
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IQGeo Group - A year of organic and acquired growth in recurring revenue
IQGeo Group PLC (IQG:LON) | 382 22.9 1.6% | Mkt Cap: 235.7m
- Published:
22 Mar 2022 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
The FY21 results have come in ahead of expectations lifted at the post-YE update in January; the revenue slightly better and the Adj. LBITDA some 15% lower. IQGeo has performed very well in FY21, culminating in a recent raft of contract wins showing continued strong demand from both telecom and electricity network operators. Including a year of OSPi (acquired Dec20) FY21 revenue saw a +51% yoy increase (with +18% yoy organic growth). This step-change in scale more than halved the loss. The YE ca ....