Gateley’s interims show strong 20% revenue growth to £46.4m, with EBITDA margins stable at 19.2% - as expected following their interim trading update in November - at which point we upgraded our forecast EPS by 9.4% to 12.8p FY19E and 5.6% to 13.3p. Fee growth was split equally between underlying organic growth and M&A, with two acquisitions in the period. Whilst we acknowledge the strong performance of the Group against market headwinds, price weakness across the sector in th
08 Jan 2019
H1’19 Interim Results
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H1’19 Interim Results
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
08 Jan 2019 -
Author:
James Bayliss -
Pages:
2
Gateley’s interims show strong 20% revenue growth to £46.4m, with EBITDA margins stable at 19.2% - as expected following their interim trading update in November - at which point we upgraded our forecast EPS by 9.4% to 12.8p FY19E and 5.6% to 13.3p. Fee growth was split equally between underlying organic growth and M&A, with two acquisitions in the period. Whilst we acknowledge the strong performance of the Group against market headwinds, price weakness across the sector in th