24th Jun 2020 13:43
Tribal Group PLC - education software services provider - Says it expects 2020 results in line with market expectations. It sees revenue of around GBP70 million, down from GBP78.2 million in 2019, and adjusted earnings before interest, tax, depreciation and amortisation of around GBP13 million, down from GBP15.4 million. Annual renewals of support & maintenance and cloud services contracts accounted for around 50% of 2019 revenue. Unaudited results for the first half will be published on August 13.
Separately, Tribal Group said it has recently won a five-year contract worth AUD3 million for a full SITS implementation at Chartered Accountants Australia New Zealand.
Current stock price: 56.40 pence
Year-to-date change: down 9.0%
By Ife Taiwo; [email protected]
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