Sumo provided an update that confirms to us the strength and resilience of its business and market. The company released solid unaudited 2019 results and has started the current year strongly. Sumo identified some impact from the pandemic that appears manageable, in our view. Also comforting is the company’s strong cash position alongside positive FCF. More details are expected with audited results, which Sumo is delaying, in line with the FCA’s requests. We continue to see Sumo as an IP-driven ....
25 Mar 2020
Sumo Group (SUMO LN) - Solid trading and manageable impact from the crisis
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Sumo Group (SUMO LN) - Solid trading and manageable impact from the crisis
- Published:
25 Mar 2020 -
Author:
Bob Liao, CFA -
Pages:
3
Sumo provided an update that confirms to us the strength and resilience of its business and market. The company released solid unaudited 2019 results and has started the current year strongly. Sumo identified some impact from the pandemic that appears manageable, in our view. Also comforting is the company’s strong cash position alongside positive FCF. More details are expected with audited results, which Sumo is delaying, in line with the FCA’s requests. We continue to see Sumo as an IP-driven ....