Investing in growth
Digital transformation services provider The Panoply’s AGM statement highlights the momentum in the Greenshoot Labs (Artificial Intelligence solutions) and Human+ (Robotic Process Automation) businesses. Although in the early stages of their lifecycles, both units have recorded a number of contract wins over the past seven months and are gaining traction with major institutional clients. As a result of these successes, management has announced increased investment in the two operations in the current financial year. We take the company’s cue and have reduced FY2020E EBITDA by 19% to £3.3m. Our FY 2021E and FY 2022E estimates are unchanged.