Tribal has announced that the implementation and delivery of its contract with NTU has continued to be more complicated and more costly to deliver, meaning this will be an onerous contract to the tune of £12m. This compares to what could have been £7m GP, so a £19m delta in economic value or FCF over the initial contract term. How this translates to numbers – FY22e & FY23e revenue is unchanged, GP reduces (to reflect higher costs) by £-4m in FY22 and £-9m in FY23 and u/l cash opex stays the same ....
01 Dec 2022
NTU contract pains
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NTU contract pains
Tribal Group plc (TRB:LON) | 55.2 0 0.0% | Mkt Cap: 117.3m
- Published:
01 Dec 2022 -
Author:
Harold Evans -
Pages:
3
Tribal has announced that the implementation and delivery of its contract with NTU has continued to be more complicated and more costly to deliver, meaning this will be an onerous contract to the tune of £12m. This compares to what could have been £7m GP, so a £19m delta in economic value or FCF over the initial contract term. How this translates to numbers – FY22e & FY23e revenue is unchanged, GP reduces (to reflect higher costs) by £-4m in FY22 and £-9m in FY23 and u/l cash opex stays the same ....