After reporting FY22 gross profit and adjusted EBITDA +2% ahead at the July trading update, Fonix has reported strong FY22 results, with underlying EFCF +7% ahead, net cash +8% ahead, and a proposed FY22 DPS +7% ahead at 6.5p. Through FY22, Fonix has continued to deliver against each of the five elements of its strategy, including launching into Ireland, where it has achieved a new customer win for the group. FY22 TPV growth of +11% drove gross profit growth of +17% to £13.2m, as management focu ....

22 Sep 2022
Fonix Mobile - Strong FY22 with 17% gross profit growth and EFCF 7% ahead

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Fonix Mobile - Strong FY22 with 17% gross profit growth and EFCF 7% ahead
Fonix Mobile PLC (FNX:LON) | 212 5.3 1.2% | Mkt Cap: 212.0m
- Published:
22 Sep 2022 -
Author:
Andrew Darley | Michael Hill -
Pages:
18 -
After reporting FY22 gross profit and adjusted EBITDA +2% ahead at the July trading update, Fonix has reported strong FY22 results, with underlying EFCF +7% ahead, net cash +8% ahead, and a proposed FY22 DPS +7% ahead at 6.5p. Through FY22, Fonix has continued to deliver against each of the five elements of its strategy, including launching into Ireland, where it has achieved a new customer win for the group. FY22 TPV growth of +11% drove gross profit growth of +17% to £13.2m, as management focu ....