K3’s FY 2016 results are broadly in line with management expectations and just a touch below our estimates at revenue and EBITDA level. Margins and profitability continue to benefit from transitioning the business into a software vendor with product suites that contain increasing levels of its own intellectual property. K3 had flagged a negative impact from a customer entering administration in its July trading update. That, and record sales activity at the year-end, impacted operating
13 Sep 2016
Further progress, encouraging prospects
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Further progress, encouraging prospects
K3 Business Technology Group PLC (KBT:LON) | 108 0 0.0% | Mkt Cap: 48.3m
- Published:
13 Sep 2016 -
Author:
Gareth Evans -
Pages:
7
K3’s FY 2016 results are broadly in line with management expectations and just a touch below our estimates at revenue and EBITDA level. Margins and profitability continue to benefit from transitioning the business into a software vendor with product suites that contain increasing levels of its own intellectual property. K3 had flagged a negative impact from a customer entering administration in its July trading update. That, and record sales activity at the year-end, impacted operating