dotdigital expects to deliver 19% organic revenue growth with total FY’17 revenues of £32.0m, in line with forecast whilst EBITDA is also expected to be in line (we forecast £10.1m and an EBITDA margin of 31.6%). Cash of £20.4m was nearly £1m better than our estimate. The group saw an acceleration of growth in H2 vs. H1. UK grew by 15% in H2’17 vs. 8% in H1’17 and the US also grew by 22% in H2’17 vs. 11% in H1’17. Changes made in leadership and approach in a number of the regions to maximise per ....
18 Jul 2017
N+1 Singer - dotdigital Group - Accelerating growth in H2 with strong cash generation
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N+1 Singer - dotdigital Group - Accelerating growth in H2 with strong cash generation
dotDigital Group plc (DOTD:LON) | 95.3 0 0.0% | Mkt Cap: 292.4m
- Published:
18 Jul 2017 -
Author:
Tintin Stormont -
Pages:
4
dotdigital expects to deliver 19% organic revenue growth with total FY’17 revenues of £32.0m, in line with forecast whilst EBITDA is also expected to be in line (we forecast £10.1m and an EBITDA margin of 31.6%). Cash of £20.4m was nearly £1m better than our estimate. The group saw an acceleration of growth in H2 vs. H1. UK grew by 15% in H2’17 vs. 8% in H1’17 and the US also grew by 22% in H2’17 vs. 11% in H1’17. Changes made in leadership and approach in a number of the regions to maximise per ....