Gamma Communication’s robust H1 results, released today, contained no
significant surprises, following the confirmatory trading update issued at
the end of July. Revenue for H1 increased by 8% to £234.7m (H1 2021:
£217.4m), Adjusted EBITDA increased by 13% to £51.9m (H1 2021: £46.0m)
and Adjusted EPS was up 16% to 35.6p (H1 2021: 30.6p). Net Cash at the
period end was £72.6m, up from £49.5m at the end of December 2021. The
business continues to grow, the growth drivers remain intact, we have
raised estimates and, in our view, the recent derating seems unjustified.
06 Sep 2022
PROGRESSIVE: Gamma: Quality shining through
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PROGRESSIVE: Gamma: Quality shining through
Gamma Communications PLC (GAMA:LON) | 1,305 -287.1 (-1.7%) | Mkt Cap: 1,268m
- Published:
06 Sep 2022 -
Author:
Gareth Evans | Ian Robertson -
Pages:
9
Gamma Communication’s robust H1 results, released today, contained no
significant surprises, following the confirmatory trading update issued at
the end of July. Revenue for H1 increased by 8% to £234.7m (H1 2021:
£217.4m), Adjusted EBITDA increased by 13% to £51.9m (H1 2021: £46.0m)
and Adjusted EPS was up 16% to 35.6p (H1 2021: 30.6p). Net Cash at the
period end was £72.6m, up from £49.5m at the end of December 2021. The
business continues to grow, the growth drivers remain intact, we have
raised estimates and, in our view, the recent derating seems unjustified.