SimplyBiz has released a trading update, ahead of reporting its full year results on 10 March 2020, which confirms that trading is broadly in line with expectations: - 24% rise in Group revenues (1H19: £29.1m; 1H18: £24.2m); - 50% rise in adj EBITDA (1H19: £6.8m; 1H18: £5.2m); - Strong adjusted EBITDA margin of 27% (2018: 22%); Group net debt at end 2019 was £27.0m (30 June 2019: £30.1m).
28 Jan 2020
Update confirms EBITDA growth
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Update confirms EBITDA growth
Fintel PLC (FNTL:LON) | 284 5.7 0.7% | Mkt Cap: 294.4m
- Published:
28 Jan 2020 -
Author:
Robin Savage -
Pages:
6
SimplyBiz has released a trading update, ahead of reporting its full year results on 10 March 2020, which confirms that trading is broadly in line with expectations: - 24% rise in Group revenues (1H19: £29.1m; 1H18: £24.2m); - 50% rise in adj EBITDA (1H19: £6.8m; 1H18: £5.2m); - Strong adjusted EBITDA margin of 27% (2018: 22%); Group net debt at end 2019 was £27.0m (30 June 2019: £30.1m).