Reiterating the October trading update commentary, investment in developing the enterprise focus of the group has led to larger contract wins. While this will benefit 2H20 and underwrite FY21 revenue growth, we trim FY20 and FY21 adj EBIT expectations 7% with additional investment in infrastructure, reducing FCF to still strong £11.4m (FY20) and £18.6m (FY21). With bold statements of investment from identification of opportunities, we look forward to proof of organic execution, al
27 Nov 2019
iomart - Investing for meaningful revenue growth
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iomart - Investing for meaningful revenue growth
iomart Group plc (IOM:LON) | 132 0 0.0% | Mkt Cap: 148.7m
- Published:
27 Nov 2019 -
Author:
Andrew Darley -
Pages:
10
Reiterating the October trading update commentary, investment in developing the enterprise focus of the group has led to larger contract wins. While this will benefit 2H20 and underwrite FY21 revenue growth, we trim FY20 and FY21 adj EBIT expectations 7% with additional investment in infrastructure, reducing FCF to still strong £11.4m (FY20) and £18.6m (FY21). With bold statements of investment from identification of opportunities, we look forward to proof of organic execution, al