Shining a light on a superb AIM elder
News from AIM covered here include delightfully simple results from one high-quality AIM company, without an adjustment in sight. This contrasts with a far more complicated offering from another, where adjustments proliferate! Elsewhere, the Black Box that is Burford Capital continues to issue mixed messages, while news of a big contract win lifts the shares of another small AIM company covered here.
Restore: why don’t they focus on the free cash flow?
Restore (AIM: RST), the provider of digital and information management and secure lifecycle services (mainly document archives), announced results for the year ended 31 December 2022.
Revenue was boosted by 5 acquisitions rising 19.1% to £279.0m, while adjusted profit before tax increased 7.6% to £41.0m.
The core Records Management business saw revenues climb 12% to £113.7m, while revenues in Restore Digital encouragingly rose to 47% to £54.5m,…
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