Interims for the period ending May 2018, demonstrate the recovery in operating fundamentals which best describe the turnaround in the group’s fortunes: steady revenue, with 3% growth vs 1H17, but expanding gross margin from 47% to 52%, compounded by a 7% decline in opex to move the EBITDA margin from -2% to 8%. Net debt shrank from £18.5m (May 17) to £8.5m, with FY18 expectations of £1.0m net debt unchanged; and prospects continue to look yet brighter. After a confiden
09 Jul 2018
K3 Business Technology - Recovery reality
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K3 Business Technology - Recovery reality
K3 Business Technology Group PLC (KBT:LON) | 108 0 0.0% | Mkt Cap: 48.3m
- Published:
09 Jul 2018 -
Author:
Andrew Darley | Cavendish Research -
Pages:
12
Interims for the period ending May 2018, demonstrate the recovery in operating fundamentals which best describe the turnaround in the group’s fortunes: steady revenue, with 3% growth vs 1H17, but expanding gross margin from 47% to 52%, compounded by a 7% decline in opex to move the EBITDA margin from -2% to 8%. Net debt shrank from £18.5m (May 17) to £8.5m, with FY18 expectations of £1.0m net debt unchanged; and prospects continue to look yet brighter. After a confiden