IDOX (AIM:IDOX) - Year-end update ahead and broker upgrade
Acquisition benefits are complemented by higher than anticipated organic growth in both the Public Sector division and Engineering Information Management divisions.
Forwrad multiple looks a bit rich but IDOX continues to deliver so who would question their ability to keep hitting the numbers!
The house broker has lifted current year forecasts 4% at EBITDA level and FY13 EBITDA by 7% to account for the October acquisition of FMx.
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