Published on: August 11, 2020
Resilience, growth and further potential
We believe Amino’s H1 20A results demonstrate the resilience of the business and the benefits of the ongoing move towards a software-led business model. 24i continues to perform strongly, supported by stable profits (EBITDA) in the Amino segment. Both recorded a number of new contract wins during the period. The group also reported a significant improvement in revenue quality and the business remains underpinned by a solid financial position. We leave underlying forecasts unchanged following the announcement, however with the global COVID-19 pandemic ongoing, uncertainty on the H2 20E outlook clearly remains.