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Blancco Technology Group (BLTG)

Business description

Blancco Technology Group develops and sells data erasure and mobile diagnostics software. It is headquartered in the US and has sales offices in 15 countries around the world.

Stock data

Market cap.£61m
Last close93.50p
High / Low (52 weeks)110.5p / 62.5p
Stock market listingLN
Forecast net debt (£m)3.7
Forecast gearing ratio (%)7
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(14.2)(12.2)35.5
Relative *(17.8)(11.3)50.1

* % Relative to local index

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Company news

Y/E Jun Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2017A 26.9 5.0 2.9 2.65 35.3 N/A
2018A 27.5 5.9 3.1 4.61 20.3 N/A
2019E 30.1 5.8 2.4 2.38 39.3 N/A
2020E 33.2 7.0 3.2 3.33 28.1 N/A

Last updated on 21/11/2018

Latest research

Investment summary

Blancco reported FY18 results marginally ahead of its recent trading update; despite the focus on stabilising the business and improving internal controls, profitability was maintained over the year. The new management team’s focus on three key markets (Mobile, Enterprise and IT Asset Disposition (ITAD)) and targeted investment in R&D should help the company maintain its market leadership and lead to a reacceleration of revenue growth.

Last updated on 29/11/2018

Industry outlook

Blancco has developed patented technology to erase data on devices such as PCs, laptops, servers, mobiles and tablets. Drivers of demand for data erasure include the risk of data loss (and the associated costs and reputational issues) and regulation. We estimate that Blancco has only penetrated a small percentage of the addressable markets for end-of-life and active erasure. Through a combination of direct sales, channel partners and ongoing market education, management is aiming to accelerate the adoption of its software.

Last updated on 29/11/2018

Key management

Adam Moloney, CFO

Company address

11675 Rainwater Drive
Bldg 600, Suite 100
Alpharetta
GA 30009
United States
+1 770 971 9770
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