SSP reports robust results as EBITDA creeps up by 1.8%
SSP Group saw its EBITDA edge up 1.8% to £18.2m for the 12 months ended 31 March 2013, compared to the previous year.
Although the software provider's revenue fell slightly to £70.7m from £71.7m in 2012, SSP reported that its recurring revenues had increased to £56m from £54.8m for the previous year.
The business's EBITDA margins also crept up to 25.8% from 25% while its cash increased to £16.7m from the £12.8m recorded for 2012.
Meanwhile, SSP repaid a portion of debt, reducing the amount to £67m from £71.5m for the previous year.
Sluggish
Laurence Walker, SSP group chief executive, described the results as
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