Silverdell (AIM:SID) - A few delays but year-end trading update encouraging
The enlarged group issued its year-end update with a three-month contribution from EDS.
Anticipate revenue of c£78m, an increase of +30% driven by acquisition of EDS.
Adjusted EBITDA (we hate that!) expected to be 46% ahead of the previous year at c£6m
Consulting + 30% and Remediation -15% due to unforeseen deferral of high margin shut down and refurbishment works expected in FY12. The works were deferred due to changing customer plans, but are now underway. £200,000 of the decrease relates to a small number of…
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