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Sparks commentary

TMT

Sparks

Brave Bison (LSE: BBSN) points to full-year upgrades
Published by Fiona Orford-Williams

Brave Bison’s first-half results show the effect on revenue of pulling away from less profitable North American business and the consequent improvement in adjusted EBITDA margins. With increased operational leverage on a lower fixed cost base, the group now expects to outstrip broker expectations for the full year, helped further by good new client wins. With a cash-positive balance sheet and a cashflow weighting to the second half, Brave Bison still has ambitions on the M&A front, having walked away from its earlier approach to Mission Group, and has the funding to continue developing its own AI-driven tools to enhance its offering.

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