<< Back to Research archive

Published on: October 22, 2019

Solid progress but headwinds remain

LoopUp announced a decent set of interim results for the six months to June 2019.  The group is seeing good levels of end-market adoption and customer wins, but issues previously described (in particular lower levels of customer activity) continue to constrain growth.  Guidance is clear – revenue growth of 26% and EBITDA margins of 15% for FY19E – so we alter forecasts to reflect this.  In some ways, it is a relief to see that the challenges are not worse – and the group is adjusting to this new “more difficult” world.

Related Content