Amino’s FY’17 results were well flagged at the December trading update, with revenue and profit in line and year end cash well ahead of previous expectations. Group revenue was flat at £75.3m however the expected mix change masked 27% constant currency growth in recurring software revenue. Adjusted EBITDA of £15.4m is c.5% ahead of expectations, reflecting strong gross margins and good supply chain management. This was offset by a higher amortisation charge, resulting in adjusted PBT in line wit ....
06 Feb 2018
Finals in line, FY’18 outlook positive
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Finals in line, FY’18 outlook positive
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
06 Feb 2018 -
Author:
Oliver Knott -
Pages:
4
Amino’s FY’17 results were well flagged at the December trading update, with revenue and profit in line and year end cash well ahead of previous expectations. Group revenue was flat at £75.3m however the expected mix change masked 27% constant currency growth in recurring software revenue. Adjusted EBITDA of £15.4m is c.5% ahead of expectations, reflecting strong gross margins and good supply chain management. This was offset by a higher amortisation charge, resulting in adjusted PBT in line wit ....