StatPro’s FY 2016 revenues and costs were ahead of our expectations by 9% and 6% respectively reflecting more of a currency impact than we had allowed for. Net, though, Adjusted EBITDA was 2% ahead of our estimate. In a set of results which contain a number of adjustments, the underlying momentum has been maintained. The year saw the successful launch of Revolution’s Performance module, two acquisitions and a number of large contract wins and extensions. As presaged by January&rsq
15 Mar 2017
FY 2016 results show continuing momentum
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY 2016 results show continuing momentum
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
15 Mar 2017 -
Author:
Gareth Evans -
Pages:
9
StatPro’s FY 2016 revenues and costs were ahead of our expectations by 9% and 6% respectively reflecting more of a currency impact than we had allowed for. Net, though, Adjusted EBITDA was 2% ahead of our estimate. In a set of results which contain a number of adjustments, the underlying momentum has been maintained. The year saw the successful launch of Revolution’s Performance module, two acquisitions and a number of large contract wins and extensions. As presaged by January&rsq