Published on: July 19, 2021

H1 21 trading: strength across the board

Instem’s update for the six months to 30 June 2021 (H1 21E) confirms that trading was in line with the Board’s expectations during the period and that the group continues to perform well across all areas of the business. Financial performance is benefitting from favourable market conditions, and the ongoing move to SaaS delivery. The group reported double-digit organic revenue growth on a constant currency basis and strong operational cash generation. Management commentary on the outlook is positive, and we make no changes to earnings estimates following the announcement.

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