UK's Ten Technologies full-year revenue rises 6% on digital platform adoption
UK's Ten Technologies full-year revenue rises 6% on digital platform adoption
Overview
UK customer loyalty platform's full-year revenue rose 6% yr/yr, adjusted EBITDA up 10%
Active Members increased 23%, driven by digital platform adoption
Margin expansion attributed to increased digital service mix and improved efficiency
Outlook
Company expects further profitable growth in the current year and beyond
Ten to maintain investment in technology to support scalability and margin expansion
Result Drivers
DIGITAL PLATFORM ADOPTION - Co said increased adoption of its digital platform and channels drove Active Member growth
COST TO SERVE REDUCTION - Co said investment in technology and digital platforms is structurally reducing cost to serve and enabling more efficient service delivery
NEW CONTRACTS - Co said new and expanded contracts in Americas, UK, AMEA, and Japan contributed to growth
Company press release: ID:nRSP9074Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Miss | GBP 69.70 mln | GBP 73 mln (1 Analyst) |
FY Adjusted EBITDA |
| GBP 16.10 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Ten Technologies Group PLC is GBp147.00, about 42.7% above its September 15 closing price of GBp103.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)