GB Group reported strong performance in FY20 and started taking measures to preserve cash in Q420. Trading in Q121 has been mixed and while management is unwilling to provide guidance for FY21, it has confidence that in the longer term it is well positioned to benefit from the acceleration in digital transformation that should drive demand for its identity data intelligence services. We have upgraded our EPS forecasts by 5% in FY21 and 3% in FY22.
02 Jul 2020
GB Group - Managing cash now to support long-term strategy
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GB Group - Managing cash now to support long-term strategy
GB Group PLC (GBG:LON) | 301 4.8 0.5% | Mkt Cap: 759.3m
- Published:
02 Jul 2020 -
Author:
Katherine Thompson -
Pages:
8
GB Group reported strong performance in FY20 and started taking measures to preserve cash in Q420. Trading in Q121 has been mixed and while management is unwilling to provide guidance for FY21, it has confidence that in the longer term it is well positioned to benefit from the acceleration in digital transformation that should drive demand for its identity data intelligence services. We have upgraded our EPS forecasts by 5% in FY21 and 3% in FY22.