Good revenue growth has delivered strong adjusted EBITDA growth, which was above management expectations with 2018 EBITDA margins expanding; Strong balance sheet, with net cash of £6.4m (30 June 2018: net cash of £1.2m reflects strong operating performance); Zeus forecast £3.6m net cash. Group membership numbers rose 8.5% to 3,726 (31 December 2017: 3,433); The acquisition of Landmark Surveyors is now complete: it is fully integrated. The Directors are confident in the Group

24 Jan 2019
Higher margins & net cash than forecast

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Higher margins & net cash than forecast
Fintel PLC (FNTL:LON) | 198 0 0.0% | Mkt Cap: 204.9m
- Published:
24 Jan 2019 -
Author:
Robin Savage -
Pages:
5 -
Good revenue growth has delivered strong adjusted EBITDA growth, which was above management expectations with 2018 EBITDA margins expanding; Strong balance sheet, with net cash of £6.4m (30 June 2018: net cash of £1.2m reflects strong operating performance); Zeus forecast £3.6m net cash. Group membership numbers rose 8.5% to 3,726 (31 December 2017: 3,433); The acquisition of Landmark Surveyors is now complete: it is fully integrated. The Directors are confident in the Group