The Interims are in line with the positive 1H trading statement released in July and provide a useful update that last month’s acquisition of Comsof in Belgium is proceeding smoothly. We make no changes to the forecasts as upgraded in August with the fundraising and acquisition, and we reiterate our 165p TP set then. As previously flagged, IQG delivered an excellent performance for the half to 30 June, with strong revenue growth (notably in recurring revenue) allowing it to reach positive Adj. E ....
20 Sep 2022
IQGeo Group - Interims confirm profitable 1H22 with acquisition on track
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IQGeo Group - Interims confirm profitable 1H22 with acquisition on track
IQGeo Group PLC (IQG:LON) | 440 -44 (-2.2%) | Mkt Cap: 271.5m
- Published:
20 Sep 2022 -
Author:
Michael Hill | Cavendish Research -
Pages:
16
The Interims are in line with the positive 1H trading statement released in July and provide a useful update that last month’s acquisition of Comsof in Belgium is proceeding smoothly. We make no changes to the forecasts as upgraded in August with the fundraising and acquisition, and we reiterate our 165p TP set then. As previously flagged, IQG delivered an excellent performance for the half to 30 June, with strong revenue growth (notably in recurring revenue) allowing it to reach positive Adj. E ....