Filta announced its FY18E interims results with revenue increasing 22% YoY on a constant-currency basis, and adjusted EBITDA (including changes in deferred income) increasing 51% YoY. Management guides to continued revenue and profit growth, along with margin improvements. We leave our forecasts unchanged, with FY18E adjusted EBITDA expected to grow c20% YoY and reiterate our Buy recommendation.
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Cenkos: Filta Group Holdings Plc - FY18E Interim Results
- Published:
04 Sep 2018 -
Author:
Cavendish Research -
Pages:
5
Filta announced its FY18E interims results with revenue increasing 22% YoY on a constant-currency basis, and adjusted EBITDA (including changes in deferred income) increasing 51% YoY. Management guides to continued revenue and profit growth, along with margin improvements. We leave our forecasts unchanged, with FY18E adjusted EBITDA expected to grow c20% YoY and reiterate our Buy recommendation.