Universe has overcome the set back of the demise of Conviviality (and associated £2m order) to deliver a positive year, including successful deployment of a major Gempay3 roll out. Revenue of £19.9m (£19.6mE) and EBITDA of £2.7m (2.4mE) pleasantly exceeded expectations established at interims, leading to adjusted EBIT, PBT and EPS >20% ahead of forecasts. FY18 net cash of £1.9m (£1.6mE) gave balance sheet strength, deployed post-period end with the strat
17 Apr 2019
Universe Group - Solid prelims show resilience
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Universe Group - Solid prelims show resilience
- Published:
17 Apr 2019 -
Author:
Andrew Darley -
Pages:
12
Universe has overcome the set back of the demise of Conviviality (and associated £2m order) to deliver a positive year, including successful deployment of a major Gempay3 roll out. Revenue of £19.9m (£19.6mE) and EBITDA of £2.7m (2.4mE) pleasantly exceeded expectations established at interims, leading to adjusted EBIT, PBT and EPS >20% ahead of forecasts. FY18 net cash of £1.9m (£1.6mE) gave balance sheet strength, deployed post-period end with the strat