Published on: November 16, 2021
On the flight path
Idox has released a trading update for the year to October. The update confirms the continuing strong performance of the businesses and highlights the strategic progress that has been made during the year – most importantly the disposal of the Content businesses and the acquisitions of Aligned Assets, thinkWhere and exeGesIS. The revenue, adjusted EBITDA and net debt figures given in the statement are almost exactly in line with our own forecasts. Although we have adjusted our estimates for FY21 to reflect the guidance, we have made no changes to FY22 and FY23.