Published on: October 10, 2016
Positive trading update, forecasts increased
Amino has released a positive update on trading for the ten months ending September 2016. The business is benefitting from the twin effects of strong order intake, and favourable currency movements. Management believe the 2016E outcome will exceed current market expectations at the adjusted EBITDA and PBT levels. Following the release, we make upward revisions to forecasts. 2016E revenue and EBITDA increase by 5.1% and 7.7% respectively, 2017E by 4.7% and 6.8% respectively.
