What’s new: SimplyBiz’s full year results, reveal:
12.5% growth in Intermediary Services revenue (ex discontinued) to £24.2m (Zeus forecast £24.0m) and £5.6m to Group adj EBITDA (i.e. 23% margin);
2.2% fall in Distribution Channels revenue to £26.8m (Zeus forecast: £26.4m) and contributing £6.5m to Group adj EBITDA (i.e. 24% EBITDA margin);
Acquisition of Defaqto delivered £11.8m of revenues and contributing £4.9m to Group adj EBITDA (i.e. 41% EBITDA margin);
On 28 January 2020, Simpl ....
10 Mar 2020
SimplyBiz (SBIZ LN) - Results show quality growth
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SimplyBiz (SBIZ LN) - Results show quality growth
Fintel PLC (FNTL:LON) | 282 14.1 1.8% | Mkt Cap: 293.3m
- Published:
10 Mar 2020 -
Author:
Robin Savage -
Pages:
6
What’s new: SimplyBiz’s full year results, reveal:
12.5% growth in Intermediary Services revenue (ex discontinued) to £24.2m (Zeus forecast £24.0m) and £5.6m to Group adj EBITDA (i.e. 23% margin);
2.2% fall in Distribution Channels revenue to £26.8m (Zeus forecast: £26.4m) and contributing £6.5m to Group adj EBITDA (i.e. 24% EBITDA margin);
Acquisition of Defaqto delivered £11.8m of revenues and contributing £4.9m to Group adj EBITDA (i.e. 41% EBITDA margin);
On 28 January 2020, Simpl ....