Published on: March 14, 2017

Solid operational progress, exciting pipeline

Bango has reported FY 2016 results consistent with the Jan-17 trading statement and in line with our forecasts. Financial performance continues to improve, reflecting triple-digit top line
growth and the scale benefit of the Bango platform technology. The Group has now reached operating breakeven, and delivered solid operational progress across the business during 2016. We leave key forecasts unchanged following the release. Nevertheless, with the activation pipeline at a record level and a solid financial position confirmed, we continue to believe that Bango is well placed to benefit from market growth in DCB.

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