31st Jan 2025 11:31
Tribal Group PLC - Bristol, England-based educational software and services provider - Expects to report a "positive trading performance" for 2024. Adjusted earnings before interest, tax, depreciation and amortisation, as well as revenue, are both expected to be ahead of current market expectations. Tribal puts revenue consensus at GBP85.6 million for 2024, similar to GBP85.7 million in 2023, with the adjusted Ebitda market forecast at GBP14.4 million, flat from 2023.
"Whilst new customer generation was slower in 2024 than in prior years, the group has a growing pipeline across the business, an effective cloud strategy, and continued annual recurring revenue growth projected for 2025," the company says.
Tribal will release its full 2024 results on March 27.
Current stock price: 45.65 pence each, up 17% on Friday morning in London
12-month change: up 4.6%
By Tom Budszus, Alliance News slot editor
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