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LBG Media - Explosive H1 organic growth of 29% vs 7.5% last year

September 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LBG
  • Price:
  • 126p
LBG is on track for a record year, with H1 sales up 55% to £42.3m of which organic growth was a blistering 29%, marking a significant acceleration compared to the 7.5% revenue growth in FY23; if it follows a historical 40/60 sales weighting in H1/H2, this year would be a blowout. Overall, EBITDA is up 240% to £10.2m in H1, implying a robust margin of 24.1%. Betches contributed £7.1m to sales and £1.5m in EBITDA as integration continued and has given it a US direct route to market. Short-form video is the foundation on which LBG built its global audience of over 450m+ followers. Direct revenue increased by 92% to £22m, with organic growth at 33%. The Direct division has benefited from its audience turning to phones and lapto ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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