Satellite Solutions Worldwide has today announced its fourth and most accretive deal to date. The company has also confirmed that results for the year ended November 2015 are expected to be in line with market expectations. We raise next year’s EBIT forecast by 20% to £0.9m and re-iterate our Buy recommendation based on an EV/sales of just 0.5x for a company generating 50% organic growth and with a highly successful pan-European roll-up strategy in a growth market.
24 Nov 2015
Four deals since float plus 50% organic growth
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Four deals since float plus 50% organic growth
Satellite Solutions Worldwide Group (SAT:LON) | 0 0 1.6% | Mkt Cap: 55.5m
- Published:
24 Nov 2015 -
Author:
Paul Morland -
Pages:
3
Satellite Solutions Worldwide has today announced its fourth and most accretive deal to date. The company has also confirmed that results for the year ended November 2015 are expected to be in line with market expectations. We raise next year’s EBIT forecast by 20% to £0.9m and re-iterate our Buy recommendation based on an EV/sales of just 0.5x for a company generating 50% organic growth and with a highly successful pan-European roll-up strategy in a growth market.