While Tracsis has certain revenue streams affected by COVID (a £-6m effect at interims to January), the remainder of the business has provided steady and appreciable organic growth of 5%, delivering group revenue of £22.2m (vs a non- COVID affected prior year 1H of £26.4m). With cost savings of £1.3m and a furlough benefit of £0.5m, 1H21 EBITDA of £5.4m was impressively close to the £5.6m delivered for 1H20, while year-end cash remained very comfortable at £20.8m. You’d clearly be wrong to think ....
08 Apr 2021
Tracsis - Interims: working through the gap year
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Tracsis - Interims: working through the gap year
Tracsis plc (TRCS:LON) | 910 0 0.0% | Mkt Cap: 274.8m
- Published:
08 Apr 2021 -
Author:
Andrew Darley -
Pages:
14
While Tracsis has certain revenue streams affected by COVID (a £-6m effect at interims to January), the remainder of the business has provided steady and appreciable organic growth of 5%, delivering group revenue of £22.2m (vs a non- COVID affected prior year 1H of £26.4m). With cost savings of £1.3m and a furlough benefit of £0.5m, 1H21 EBITDA of £5.4m was impressively close to the £5.6m delivered for 1H20, while year-end cash remained very comfortable at £20.8m. You’d clearly be wrong to think ....