Beta’s H118 results reflect the anticipated lull in the DCI licence renewal cycle, with EBITDA down 54% y-o-y. Despite the decrease, management believes it is on track to deliver to the top end of its guided range for the full year. With an anticipated pick-up in performance over the next two years, combined with the recent uptick in M&A activity, we feel that the FY18 EV/EBITDA premium to peers is justified.
31 May 2018
Beta Systems - Positive outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Beta Systems - Positive outlook
Beta Systems Software AG (BSS:FRA) | 0 0 0.0%
- Published:
31 May 2018 -
Author:
Alasdair Young -
Pages:
4
Beta’s H118 results reflect the anticipated lull in the DCI licence renewal cycle, with EBITDA down 54% y-o-y. Despite the decrease, management believes it is on track to deliver to the top end of its guided range for the full year. With an anticipated pick-up in performance over the next two years, combined with the recent uptick in M&A activity, we feel that the FY18 EV/EBITDA premium to peers is justified.