Kape’s trading update confirms good progress. Driven by the core App distribution business, EBITDA has increased by 48% to $4.3m. The disposal of the non-core Media division, following hot on the heels of the Intego acquisition essentially completes Kape’s transition into a wholly focused consumer cybersecurity business. We leave our underlying profit forecasts broadly unchanged (34% EBITDA growth between FY18e and FY19e). While the disposal trims 7% from our FY19 EPS forecasts, w
27 Jul 2018
Kape Technologies - Improved trading, strategic transition complete
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Kape Technologies - Improved trading, strategic transition complete
- Published:
27 Jul 2018 -
Author:
Dan Ridsdale -
Pages:
4
Kape’s trading update confirms good progress. Driven by the core App distribution business, EBITDA has increased by 48% to $4.3m. The disposal of the non-core Media division, following hot on the heels of the Intego acquisition essentially completes Kape’s transition into a wholly focused consumer cybersecurity business. We leave our underlying profit forecasts broadly unchanged (34% EBITDA growth between FY18e and FY19e). While the disposal trims 7% from our FY19 EPS forecasts, w