31 Mar 2021
Bigblu Broadband - Solid FY20 provides a strong platform for +20% growth
BBB has reported strong FY20 results, with revenue of £27.2m +1% ahead of our previous estimate, adjusted EBITDA of £6.2m +2% ahead, and net cash of £7.4m ahead of our previous estimate of £7.2m. The FY20 results highlight a transformational 18 months for BBB, in which it has sold its UK and European satellite assets to Eutelsat for up to £39m in cash, and simplified its balance sheet by exiting its 2016 BGF debt. BBB is now focused on three core assets that provide it with an excellent foundati ....
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Bigblu Broadband - Solid FY20 provides a strong platform for +20% growth
Bigblu Broadband plc (BBB:LON) | 34.0 0 0.0% | Mkt Cap: 19.9m
- Published:
31 Mar 2021 -
Author:
Andrew Darley | Michael Hill -
Pages:
17
BBB has reported strong FY20 results, with revenue of £27.2m +1% ahead of our previous estimate, adjusted EBITDA of £6.2m +2% ahead, and net cash of £7.4m ahead of our previous estimate of £7.2m. The FY20 results highlight a transformational 18 months for BBB, in which it has sold its UK and European satellite assets to Eutelsat for up to £39m in cash, and simplified its balance sheet by exiting its 2016 BGF debt. BBB is now focused on three core assets that provide it with an excellent foundati ....