Amino FY results “ahead of expectations”
February 7, 2017
Amino Technologies, a specialist the development and delivery of IPTV/OTT solutions, saw full year revenues (to November 30th) rise by 80 per cent to £75.2 million (€87.2m) in the year to the end of November with adjusted earnings before interest, tax, depreciation and amortisation also up 80 per cent at £13.5 million.
Non-executive chairman Keith Todd said: “This has been a very good year for Amino. As a result of our increased focus on sales execution, a broader product portfolio and the rapid integration of the two businesses acquired [Booxmedia and Entone] in 2015, all financial metrics are ahead of the expectations set at the beginning of the year. We now look forward to continuing the positive momentum generated in 2016 and to continue building the Group for further long-term sustainable profitable growth.”
The Board expects the positive momentum gained in 2016 to continue and result in sustainable profitable growth in 2017.