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WIN (LON:WNN) report: FY’09 results EBITDA ?2.3m -16%YoY

March 16, 2010, Tuesday, 10:53 GMT | 06:53 EST | 16:23 IST | 18:53 SGT
Contributed by Daniel Stewart & Company


By Daniel Stewart & Co


- Mobile media enabler WIN reported FY’09 revenue of ?41.9m +9.8%YoY; EBITDA (adj) of ?2.3m -16.3%YoY; PBT (adj.) of ?1.5m -19.3%YoY compared to broker estimate of ?1.41m (reported basis ?0.398m). WIN reported a 2.1p/sh dividend and a year-end net cash balance of ?3.1m (2008: ?3.4m).

 

- CEO Graham Rivers commented: “In 2009 we focused on reducing costs by completing the integration of our acquisitions and productising our offerings. We have continued to expand our business in the Managed Services and Enterprise markets, both of which had a particularly strong final quarter. The markets in which we operate are rapidly developing as demand for mobile services increases. With our enhanced sales resources and an improving pipeline of new business, we are on track to meet our expectations for 2010.”