Tribals FY22 update guides to performance in-line with recently rebased forecasts implying c.4% top-line growth and £7.3m EBITDA (-56% y/y, but more like £12m u/l) as profitability has been impacted due to isolated factors surrounding the NTU contract. Meanwhile separate to this, broader trading has actually been encouraging and shows how Tribals is executing against its strategic goals. For instance in 2022, TRB secured several multi-million, multi-year Education Services renewals, while in SIS ....
