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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>With 16% revenue growth and stable adjusted EBITA margins, GB Group&rsquo;s H117 results were in line with guidance given at the October trading update. Acquisitions are performing well and like-for-like growth, 11%, is expected to accelerate further in the second half. We make no changes to our estimates and consider the shares, down 25% since the trading update, to be oversold.</p>

With 16% revenue growth and stable adjusted EBITA margins, GB Group&rsquo;s H117 results were in line with guidance given at the October trading update. Acquisitions are performing well and like-for-like growth, 11%, is expected to accelerate further in the second half. We make no changes to our estimates and consider the shares, down 25% since the trading update, to be oversold.

GB Group PLC

Full year on track