Blanc targets 50% growth in Ebitda at Oval

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Mr Blanc, who took over the role from Phillip Hodson earlier this year, described the job as fantastic and great opportunity.

“In five years’ time if we are not doing £30m Ebitda I would be really disappointed,” he said. “That has got to be a realistic target. At £30m Ebitda we are in a position to do all sorts of things.”

However he stressed that while Ebitda was a useful comparative measure between brokers he also had another priority.

“I jokingly refer to Ebitda as earnings before bad stuff,”

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