Gateley released their FY19A results for the year to April this morning, in line with guidance issued in their May trading update. The company delivered £103.5m of revenues (Arden est. £102m) and adjusted EBITDA of £19.1m (Arden est. £19.6m) on a margin of 18.5%. Adjusted EPS of 13.2p came in against our expectation of 12.8p. We maintain our Neutral recommendation and 170p PT
09 Jul 2019
FY19 Results in line
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FY19 Results in line
Gateley (Holdings) Plc (GTLY:LON) | 126 0 0.0% | Mkt Cap: 165.9m
- Published:
09 Jul 2019 -
Author:
James Bayliss -
Pages:
2
Gateley released their FY19A results for the year to April this morning, in line with guidance issued in their May trading update. The company delivered £103.5m of revenues (Arden est. £102m) and adjusted EBITDA of £19.1m (Arden est. £19.6m) on a margin of 18.5%. Adjusted EPS of 13.2p came in against our expectation of 12.8p. We maintain our Neutral recommendation and 170p PT