Q: Could you please comment on the earnings release for Topicus. Thank You
5i Research Answer:
Revenue rose 14% (4% organic) to €311.2M. Net income rose 15% to €26.9M. Per share €0.21 vs €0.18. Cash flow swung from negative €15.4M to €8.8M, a very nice swing. Acquisition activity was fairly limited this quarter, at only €10.3M. As usual not much detail was provided, but the growth is decent and investors should be comfortable with the organic growth in this quarter.