Universe has delivered interims to June, reporting revenue growth of 7.3% (2.5% organic), boosted by the April acquisition of Celtech. EBITDA of £1.76m (equivalent to pre IFRS £1.39m) demonstrated 42% growth on a like-for-like basis, with the revenue mix strongly benefitting gross margin, which improved from a consistent 47-49% range 1H17-2H18 but lifted to 56% in 1H19. Data services revenue, constituting 21% of FY18 revenue, grew 28.9%, boosted by a customer’s ongoing large
25 Sep 2019
Universe Group - Solid interims follow step change acquisition
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Universe Group - Solid interims follow step change acquisition
- Published:
25 Sep 2019 -
Author:
Andrew Darley -
Pages:
8
Universe has delivered interims to June, reporting revenue growth of 7.3% (2.5% organic), boosted by the April acquisition of Celtech. EBITDA of £1.76m (equivalent to pre IFRS £1.39m) demonstrated 42% growth on a like-for-like basis, with the revenue mix strongly benefitting gross margin, which improved from a consistent 47-49% range 1H17-2H18 but lifted to 56% in 1H19. Data services revenue, constituting 21% of FY18 revenue, grew 28.9%, boosted by a customer’s ongoing large