Earthport’s H1’18 update confirms trading is in line with revised expectations. Despite the previously announced setbacks in the period, revenue grew 8% to £15.4m, with the EBITDA loss comfortably on track to meet our full year forecast. The pipeline for H2’18 and FY’19 remains strong which, combined with continued growth from existing customers, leaves the group well placed to deliver cash flow break even during FY’19. Execution remains key, but we continue to believe that Earthport is well pla ....
15 Feb 2018
Underlying progress in H1
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Underlying progress in H1
Earthport (EPO:LON) | 0 0 0.4% | Mkt Cap: 72.6m
- Published:
15 Feb 2018 -
Author:
Oliver Knott -
Pages:
3
Earthport’s H1’18 update confirms trading is in line with revised expectations. Despite the previously announced setbacks in the period, revenue grew 8% to £15.4m, with the EBITDA loss comfortably on track to meet our full year forecast. The pipeline for H2’18 and FY’19 remains strong which, combined with continued growth from existing customers, leaves the group well placed to deliver cash flow break even during FY’19. Execution remains key, but we continue to believe that Earthport is well pla ....