22 January 2019 – trading update
A trading update has been provided for the year ended 31 December 2018, with results due to be released on 26 March. Revenues on a ‘see-through’ basis for 2018 were up 22% on the previous year and 23% on a constant currency basis at approximately £124.0m (2017: £101.6m, restated). Excluding acquisitions revenues were up 4% on the prior year and 4% on a constant currency basis. Underlying profit before tax is expected to be in line with expectations. The shares are a BUY and with the share price having reached around 100p in 2018 there is scope for considerable recovery in the medium term.