ZOO has delivered H1 results in line with the group’s commentary at the recent AGM – revenues largely flat y/y, but with a strong EBITDA performance. We take the opportunity in this document to reflect on recent changes in ZOO’s end markets, and conclude that the opportunity is both growing and becoming more tangible. We make no changes to forecasts, other than to reflect IFRS 16 adjustments, but take material reassurance from the strong first half and the emerging evidence
04 Nov 2019
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ZOO Digital Group plc (ZOO:LON) | 35.8 -0.2 (-1.8%) | Mkt Cap: 35.0m
- Published:
04 Nov 2019 -
Author:
Gareth Evans -
Pages:
10
ZOO has delivered H1 results in line with the group’s commentary at the recent AGM – revenues largely flat y/y, but with a strong EBITDA performance. We take the opportunity in this document to reflect on recent changes in ZOO’s end markets, and conclude that the opportunity is both growing and becoming more tangible. We make no changes to forecasts, other than to reflect IFRS 16 adjustments, but take material reassurance from the strong first half and the emerging evidence