Performance for the year to December 2019 was in line with forecasts reviewed at the time of the January trading update: EBITDA of £11.7m from revenue of £122.9m. Free cashflow of £5.2m led to net debt of £25.7m (2.2x EBITDA); the dividend having been guided down in January has now been suspended, highlighting a prudent focus on cash preservation. A short-term boost to activity to support clients’ remote working during the COVID lockdown has been accompanied by d
01 Jun 2020
Maintel - Finals to December
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Maintel - Finals to December
Maintel Holdings Plc (MAI:LON) | 235 11.7 2.2% | Mkt Cap: 33.7m
- Published:
01 Jun 2020 -
Author:
Andrew Darley -
Pages:
13
Performance for the year to December 2019 was in line with forecasts reviewed at the time of the January trading update: EBITDA of £11.7m from revenue of £122.9m. Free cashflow of £5.2m led to net debt of £25.7m (2.2x EBITDA); the dividend having been guided down in January has now been suspended, highlighting a prudent focus on cash preservation. A short-term boost to activity to support clients’ remote working during the COVID lockdown has been accompanied by d