Consolidator AFH sets new 'aspirational' growth targets

The group's results for 2018/19 revealed a fifth consecutive year of growth and growing profitability, with revenues up 51% to £50.7m; underlying EBITDA (earnings before interest, tax, depreciation and amortisation) margin up to 21% from 17%; profit after tax up 94% to £6m; and funds under management up 58% to £4.4bn. In passing underlying EBITDA of 20%, AFH achieved one of its current three to five--year growth targets. Shortly after the end of the reporting period, the group added, it met a second when its funds under management passed £5bn. AFH chief executive Alan Hudson (pictured...