Knights released their FY19A results for the year to April this morning, with incremental improvements since May’s trading update. £52.7m of revenue was in line with our forecast of £52.8m, however adjusted PBT of £9.8m came in 5% ahead of our expectation of £9.3m and Net debt of £14.1m was £3.7m under our expectation of £17.8m. On 16.5 FY20E p/e we believe the shares remain ‘up with events’ for the time being and maintain our Neutra
09 Jul 2019
FY19 Results: Net debt beats, retain neutral
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FY19 Results: Net debt beats, retain neutral
Knights Group Holdings Plc (KGH:LON) | 122 -3.7 (-2.4%) | Mkt Cap: 104.7m
- Published:
09 Jul 2019 -
Author:
James Bayliss -
Pages:
2
Knights released their FY19A results for the year to April this morning, with incremental improvements since May’s trading update. £52.7m of revenue was in line with our forecast of £52.8m, however adjusted PBT of £9.8m came in 5% ahead of our expectation of £9.3m and Net debt of £14.1m was £3.7m under our expectation of £17.8m. On 16.5 FY20E p/e we believe the shares remain ‘up with events’ for the time being and maintain our Neutra