The update was disappointing from a profit perspective, but the root cause was a positive; faster than expected revenue growth leading to faster than expected cost growth. Revenues are growing fast because the business has an attractive offer that is gaining cross-selling success. The Company has also just won its first group level contract, meaning that it is pre-approved to supply any services chosen. Looking forward we lift our revenue assumption for 2018 and maintain our profit expectation. ....
24 Jan 2018
Revenues driven by strong offer
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Revenues driven by strong offer
The update was disappointing from a profit perspective, but the root cause was a positive; faster than expected revenue growth leading to faster than expected cost growth. Revenues are growing fast because the business has an attractive offer that is gaining cross-selling success. The Company has also just won its first group level contract, meaning that it is pre-approved to supply any services chosen. Looking forward we lift our revenue assumption for 2018 and maintain our profit expectation. ....