Davy Research

Escher Group

Trading update guides adjusted EBITDA to $2.8m for 2017
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Escher Group

DAVY VIEW

Escher’s trading update this morning, highlighting that revenue and adjusted EBITDA will be marginally higher than previously guided in November 2017, is welcome. For the year ahead, we await traction on the company’s licensing platform (partnership or M&A), which can add a growth dynamic to the revenue base in time, and progress on delayed postal software signings.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Escher Group

    Closing Price: 179p

  • RATING 19/06/13

  • PREVIOUS RATING N/A

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