UK's Ten Technologies full-year revenue rises 6% on digital platform adoption

By Reuters News


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:


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


Reuters Recommended Reads

  • Sept 15 - UK's Trustpilot shares slump as unchanged outlook disappoints investors

  • Sept 15 - Denmark's Trustpilot H1 revenue rises on enterprise growth, AI demand

  • Sept 15 - UK workers spend nearly £1 billion of their own money on AI for work, Deloitte finds


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