Trustpilot Group Plc (TRST.L), a Danish online consumer review platform, Tuesday said that it expects to report higher revenues and bookings in its first half. Further, the company raised fiscal 2025 Adjusted EBITDA Margin view.
On the LSE, the stock is up 11 percent on Tuesday's trading at 279.80 pence.
In its latest trading update, the company said its revenue is forecast at $123 million, up 23 percent from $100 milion in the year-ago period. The growth would be 21 percent on a constant currency basis.
Bookings are expected to be $140 million in the first half of 2025, up 19 percent from last year on a reported basis, and a 17 percent growth on a constant currency basis.
The higher results mainly reflects strong regional growth in UK, Europe & ROW and North America.
Trustpilot Group said that annual recurring revenue or ARR is expected to reach $273 million, up 29 percent from the same period last year, and a 21 percent rise on a constant currency basis.
Based on the strong first-half outlook, the company has upgraded its fiscal 2025 adjusted EBITDA margin guidance to 14 percent.
The company said that it reported improved cash flow, ending the six-month period with $67 million in net cash, compared to last year's $69 million. This was after spending $23 million on share buybacks in the first half of the year and also benefitting from favorable currency movements.
The company said that it will announce results for the six months ended June 30, on September 16.
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