During the first six months of FY16, CentralNic has demonstrated how the acquisition of Instra has driven the company’s growth strategy by both increasing recurring revenues (now 60% of sales versus 51% in H115) and improving the quality of earnings. In terms of headline numbers, sales have increased by 101% to £8.9m (£4.4m), adj. EBITDA by 29% to £1.3m (£1.0m) and adj. PBT by 12% to £0.9m (£0.8m). The Retail division was significantly enhanced by the
07 Sep 2016
FY16 Interims – improving quality of earnings, FY on track
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY16 Interims – improving quality of earnings, FY on track
Team Internet Group plc (TIG:LON) | 140 0.6 0.3% | Mkt Cap: 362.4m
- Published:
07 Sep 2016 -
Author:
Bob Liao, CFA -
Pages:
10
During the first six months of FY16, CentralNic has demonstrated how the acquisition of Instra has driven the company’s growth strategy by both increasing recurring revenues (now 60% of sales versus 51% in H115) and improving the quality of earnings. In terms of headline numbers, sales have increased by 101% to £8.9m (£4.4m), adj. EBITDA by 29% to £1.3m (£1.0m) and adj. PBT by 12% to £0.9m (£0.8m). The Retail division was significantly enhanced by the