Brief: Itim Group Posts FY Adjusted EBITDA Of 2.2 Million Stg

ITIM

12/05/2022 09:16

May 12 (Reuters) - Itim Group PLC  ITIM.L :
    * FY ADJUSTED EBITDA ROSE 47 PERCENT TO 2.2 MILLION STG
    * FY REVENUE ROSE 14 PERCENT TO 13.5 MILLION STG
    * FY DILUTED EARNINGS PER SHARE 0.78 PENCE VERSUS 3.31 PENCE
YEAR
AGO
    * FY ADJUSTED BASIC EARNINGS PER SHARE 3.75 PENCE VERSUS 4.1
PENCE
YEAR AGO
    * FY BASIC EARNINGS PER SHARE 0.88 PENCE VERSUS 3.74 PENCE
YEAR
AGO
    * TRADING SO FAR THIS YEAR HAS STARTED WELL, WE HAVE SEEN
NEW
CUSTOMER WINS AND EXTENSIONS OF EXISTING CONTRACTS
    * THERE IS NO DOUBT WITH HEADCOUNT INCREASES PLANNED IN 2022
IT
WILL PUT SHORT-TERM PRESSURE ON PROFITS AS EXPECTED
    * ITIM GROUP - CONTINUALLY SEEING INCREASES IN SALARY LEVELS
ACROSS TECH SECTOR, LABOUR SHORTAGES BUT LOOK TO OVERCOME WITH
SELECTIVE OVERSEAS OUTSOURCING

Source text for Eikon:  ID:nRSL1889La 
Further company coverage:  ITIM.L 

 ((Reuters.Briefs@thomsonreuters.com;))