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K3 Capital records double-digit revenue growth
16th Dec 2019 10:25
(Sharecast News) - Company sales specialist K3 Capital achieved a double-digit increase in revenues during the first half of its financial year, which boosted underlying earnings.
In addition to the improved revenues and earnings before interest, taxes, depreciation and amortisation, K3 reported that its strong EBITDA margin had been maintained at in excess of 40.0%.
The AIM-listed group saw a record number of completed transactions - up 30.0% from the comparative period last financial year - with the growth primarily driven from its volume brands, Knightsbridge and KBS Corporate.
K3 said it was entering the second half with the momentum of a record number of opportunities within its WIP pipeline, which carry strong transaction fee values.
Chief executive John Rigby said: "We are pleased to report another very solid H1 performance with more transactions completed during the first half than ever before, a particularly encouraging performance in the context of the difficult market backdrop of political and economic uncertainty.
"This growth is further backed up by a record number of deals in the pipeline that underpins our confidence of continued growth in the second half of FY20 and beyond."
As of 1025 GMT, K3 shares had shot up 16% to 203p.
In addition to the improved revenues and earnings before interest, taxes, depreciation and amortisation, K3 reported that its strong EBITDA margin had been maintained at in excess of 40.0%.
The AIM-listed group saw a record number of completed transactions - up 30.0% from the comparative period last financial year - with the growth primarily driven from its volume brands, Knightsbridge and KBS Corporate.
K3 said it was entering the second half with the momentum of a record number of opportunities within its WIP pipeline, which carry strong transaction fee values.
Chief executive John Rigby said: "We are pleased to report another very solid H1 performance with more transactions completed during the first half than ever before, a particularly encouraging performance in the context of the difficult market backdrop of political and economic uncertainty.
"This growth is further backed up by a record number of deals in the pipeline that underpins our confidence of continued growth in the second half of FY20 and beyond."
As of 1025 GMT, K3 shares had shot up 16% to 203p.