Stable year for Open GI

Ebitda grows to £28.7m from £27.2m as software house notes that there was some disruption in 2018 as it sought to make operational improvements.

Technology provider Open GI has reported steady turnover for the full year 2018.

Its results, posted to Companies House, showed that turnover remained at £44.7m, the same as 2017.

Ebitda excluding exceptional costs was revealed to be £28.7m, up on the previous year’s £27.2m.

Overall profit before tax was £21.7m, exactly the same as the figure for 2017.

During the year the business spent £5.3m on research and development, a slight reduction to the £7.1m it invested into the area in the