1Spatial issued a positive trading update for the year ending 31 Jan 2018 with overall adjusted EBITDA expected to be in line with expectations. The performance was driven by the core geospatial business which had higher revenues, EBITDA and margins than forecast. The group also announced that it is disposing of its controlling stake in Enables IT (for a nominal sum) allowing it to fully focus its resources to the core geospatial business where it has differentiated IP. We are highly encouraged ....
15 Mar 2018
Good FY update driven by core geospatial business
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Good FY update driven by core geospatial business
1Spatial Plc (SPA:LON) | 58.5 0.3 0.9% | Mkt Cap: 64.8m
- Published:
15 Mar 2018 -
Author:
Tintin Stormont -
Pages:
4
1Spatial issued a positive trading update for the year ending 31 Jan 2018 with overall adjusted EBITDA expected to be in line with expectations. The performance was driven by the core geospatial business which had higher revenues, EBITDA and margins than forecast. The group also announced that it is disposing of its controlling stake in Enables IT (for a nominal sum) allowing it to fully focus its resources to the core geospatial business where it has differentiated IP. We are highly encouraged ....