Be Heard has issued its January trading update indicating organic revenue growth of 24% for 2017. This implies a c5% beat. Given the recent win rate management had expected this to turnout even more strongly but timing factors mean that these revenues will fall into 2018. Building out resource to support this very fast growth rate has however taken its toll in December and led to a mismatch on revenue and costs. While we expect to reduce our forecast EBITDA for 2017 we do not expect to make a

04 Jan 2018
Revenues ahead but costs timing mismatch

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Revenues ahead but costs timing mismatch
Be Heard has issued its January trading update indicating organic revenue growth of 24% for 2017. This implies a c5% beat. Given the recent win rate management had expected this to turnout even more strongly but timing factors mean that these revenues will fall into 2018. Building out resource to support this very fast growth rate has however taken its toll in December and led to a mismatch on revenue and costs. While we expect to reduce our forecast EBITDA for 2017 we do not expect to make a