Gamma’s trading update for FY 2017E reflects continued strong growth in all its non-traditional products. Adjusted EBITDA is anticipated to come in slightly ahead of market expectations. Given that we are at the top end of consensus, we leave estimates unchanged although we note that the year-end cash position is better than our number. As expected, momentum from a good first half looks to have continued through the rest of the year. Consequently, we expect to see good profitability in
23 Jan 2018
Full year slightly ahead of expectations
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Full year slightly ahead of expectations
Gamma Communications PLC (GAMA:LON) | 1,318 0 0.0% | Mkt Cap: 1,281m
- Published:
23 Jan 2018 -
Author:
Gareth Evans -
Pages:
3
Gamma’s trading update for FY 2017E reflects continued strong growth in all its non-traditional products. Adjusted EBITDA is anticipated to come in slightly ahead of market expectations. Given that we are at the top end of consensus, we leave estimates unchanged although we note that the year-end cash position is better than our number. As expected, momentum from a good first half looks to have continued through the rest of the year. Consequently, we expect to see good profitability in