Bobby Kalar of Yu Group: Full year financial metrics to be significantly ahead of market expectations

Episode 1051,  Nov 29, 2022, 07:33 AM

Bobby Kalar CEO of Yu Group #YU. notes that their full year financial metrics are now anticipated to be significantly ahead of market expectations with record average monthly bookings resulting in expecting revenue of approximately £260m for FY 22, a c67% annual growth rate.

Highlights

The Group is pleased to announce an exceptional trading performance, which is expected to continue beyond FY 22. Revenue, adjusted EBITDA and operational cashflow are anticipated to significantly exceed current market expectations for the year to 31 December 2022.

Record average monthly bookings from new and renewed customer contracts over the last three months has resulted in the Board expecting revenue of approximately £260m for FY 22, being a c67% annual growth rate.

EBITDA profitability is expected to continue its strong trajectory, with H2 22 expected to exceed the 2.1% achieved in H1 22, driven by strong demand and the efficiencies of our digital by default transformation. This investment has provided the platform to rapidly scale the business and derive the benefits of operational leverage to enhance margins on an ongoing basis.

To read the full RNS click here