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Published on: September 28, 2018

1H18 results

Immedia released 1H18 results delivering a strong performance against 1H17.  The Group generated revenue of £2.0m versus our FY2018E revenue estimate of £4.4m driven by better than expected revenue from both existing clients and new business wins. EBITDA of £0.04m versus a 1H17 loss of £0.10m was driven by the emerging benefits of the Group’s cost reduction measures and a favourable contract margin mix.  We make no changes to our estimates but see FY18E estimates well underpinned by the continuation of the positive progress delivered in 1H18 into the remainder of the year supported by a solid pipeline of opportunities. 

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