Interims to May reflect a period of resilient performance, underpinned by ongoing growth in recurring revenues (76%; 1H19: 73%) and the globally and vertically diverse customer base. Revenue of £27.2m (1H19: £27.9m) delivered EBITDA of £2.6m (£3.7m), reflecting the softening to trading and delays to deal closures experienced during the period. Gross profit improved 5% to £16.6m (£16.0m) with the greater contribution of higher margin Own IP, now equivalent t
04 Aug 2020
K3 Business Technology - Interims to May 2020
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K3 Business Technology - Interims to May 2020
K3 Business Technology Group PLC (KBT:LON) | 104 0 0.0% | Mkt Cap: 46.3m
- Published:
04 Aug 2020 -
Author:
Andrew Darley | Cavendish Research -
Pages:
12
Interims to May reflect a period of resilient performance, underpinned by ongoing growth in recurring revenues (76%; 1H19: 73%) and the globally and vertically diverse customer base. Revenue of £27.2m (1H19: £27.9m) delivered EBITDA of £2.6m (£3.7m), reflecting the softening to trading and delays to deal closures experienced during the period. Gross profit improved 5% to £16.6m (£16.0m) with the greater contribution of higher margin Own IP, now equivalent t