Datalex

H1 2024 loss improvement; equity capital raise announced

  • Sectors : Travel IT Services
  • Companies : Datalex

Ratings and price correct at time of issue.

  • Datalex

    Closing Price: 42.4c

  • RATING 31/05/23

  • PREVIOUS RATING 08/06/22

    OUTPERFORM

Person's Name

Ava Costello

Analyst

DAVY VIEW

Datalex reported a headline H1 loss after tax of $6.1m in H1 2024, a slight improvement on the loss of $6.2m for the same period in 2023. Adjusted EBITDA loss amounted to $2.0m in H1 2024 (Davy: -€2.9m) and compared to the $3.1m loss for the same period in 2023, an improvement of 37% year-on-year (yoy). Today the group announced its intention to complete a €25m equity capital raise.

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Aug 28 2024, 09:15 IST/BST

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