bullish

GB Group PLC

Pickup in H2 organic growth as expected

32 Views20 Apr 2017 15:03
Issuer-paid
SUMMARY

Headline revenue growth of 19% reflects a full half contribution of ID Scan and a pickup in organic growth to 12% across the year driven by the excellent performance from the higher margin international services. The mix effects of this growth resulted in EBIT of £17m, 4% ahead of our forecasts, and a 1.1pp improvement in the operating margin.

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