Published on: March 19, 2019
Strong FY18 delivery – well poised for FY19
K3 has achieved a return to profitability – delivering an adjusted operating profit of some £4.6m – and marking a material turnaround from the difficulties of a couple of years ago. The group continues its march to higher levels of own-intellectual property sales, and towards a greater level of recurring income. We make no material changes to FY19E estimates, and introduce FY20 forecasts for the first time.