H1 results were well flagged in the July update. Net fee income increased by 1% to £28.4m (H1’20: £28.2m), adj. PBT increased by 67% to £4.0m (H1’20: £2.4m) and adj. net debt was £16.5m (Dec. ‘20: £13.6m). As anticipated in our recent comment, we review our forecasts in this note. We increase our PBT forecast by 19% to £6.8m, following a 10% upgrade in May. This should support continued momentum in the share price in our view. Some end markets continue to be impacted by COVID-19 restrictions and ....
12 Aug 2021
Strong H1 outturn supports significant upgrades
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Strong H1 outturn supports significant upgrades
Empresaria Group plc (EMR:LON) | 38.0 0 0.0% | Mkt Cap: 18.9m
- Published:
12 Aug 2021 -
Author:
Greg Poulton -
Pages:
3
H1 results were well flagged in the July update. Net fee income increased by 1% to £28.4m (H1’20: £28.2m), adj. PBT increased by 67% to £4.0m (H1’20: £2.4m) and adj. net debt was £16.5m (Dec. ‘20: £13.6m). As anticipated in our recent comment, we review our forecasts in this note. We increase our PBT forecast by 19% to £6.8m, following a 10% upgrade in May. This should support continued momentum in the share price in our view. Some end markets continue to be impacted by COVID-19 restrictions and ....