Fintel is targeting a 35% “natural run rate” for group margin as it focuses on organic growth, artificial intelligence and technology following a period of acquisition and integration, CEO Matt Timmins has said.
Speaking to Professional Adviser following the firm's half-year results released this morning (15 September), Timmins said the business had made a "really positive start" to the year, with adjusted EBITDA up almost 17% and earnings per share rising 15%. The financial services technology and data group reported a 32.1% adjusted EBITDA margin for the first half, up from 28.9% in the prior-year period. Timmins said the improvement was both "structural and sustainable", pointing to operational leverage from acquisitions as well as the disposal of lower-margin businesses in surveying and w...
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