Published on: August 3, 2021

Strong progress towards Aferian 2025

Aferian’s H1 21A results for the six months to the end of May 2021 demonstrate solid progress towards the 2025 strategy in our view. The group reported double-digit growth in revenue and EBITDA during the period. This was accompanied with record growth in exit Annual Recurring Revenue (“ARR”), driving improved revenue quality and visibility. Both business units continue to report strong operational progress and management commentary on the outlook for the second half is positive. We make no material changes to estimates following the announcement and continue to believe that the group is well-positioned to deliver its targets.