The company provided a solid update, stating that trading was “comfortably in line with market expectations”. Sumo plans to accelerate acquisitions since recruitment is expected to “remain challenging for some time”. We believe the change is marginal and see acquisitions well supported by Sumo's disciplined acquisition criteria, proven integration process and balanced earnout structures. Sumo remains focused on delivering earnings accretive acquisitions. We make no changes to forecasts and conti ....
25 Jun 2020
Sumo Group (SUMO LN) - AGM statement - Focus on quality acquisitions
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Sumo Group (SUMO LN) - AGM statement - Focus on quality acquisitions
- Published:
25 Jun 2020 -
Author:
Bob Liao, CFA -
Pages:
6
The company provided a solid update, stating that trading was “comfortably in line with market expectations”. Sumo plans to accelerate acquisitions since recruitment is expected to “remain challenging for some time”. We believe the change is marginal and see acquisitions well supported by Sumo's disciplined acquisition criteria, proven integration process and balanced earnout structures. Sumo remains focused on delivering earnings accretive acquisitions. We make no changes to forecasts and conti ....