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Published on: February 26, 2015

H1 ’15 results and Capital Markets Day

Mobile money specialist Monitise has announced H1 2015 results in line with the January trading update. Turnover fell 9%, reflecting ongoing declines in licence revenues as the business transitions to new revenue models. The EBITDA loss grew to £30.8m, reflecting a 16pp decline in Development and Integration gross margin, and a 25% increase in OPEX, primarily due to recent acquisitions. More positively, a number of KPIs saw improvement, notably a 50% YoY increase in transaction value.

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