Vista Group International LtdNZX: VGL

VGL: EBITDA surged 188% in 1H24 as Vista Group improved margins and accelerated cloud adoption

· Issued by Vista Group International Ltd

Vista Group delivered strong EBITDA growth and margin expansion in 1H24, with recurring and SaaS revenues rising despite flat total revenue. Guidance was revised slightly lower, but the company remains on track for positive free cash flow and improved margins.

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