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Brave Bison's rally is far from over

London-based social and digital media group is winning million-pound contracts and outperforming guidance
February 12, 2024
  • 13 per cent earnings beat
  • Closing net cash above forecast

London-based social and digital media group Brave Bison (BBSN:2.6p) has delivered a resilient trading performance and outperformed full-year guidance.

Buoyed by a pick-up in activity in the autumn when the group announced £4mn of account wins with a Finnish homeware retailer, Dutch car parts retailer and a national electrical retailer, full-year pre-tax profit surged from £2.6mn to £3.6mn, or £0.5mn higher than house broker Cavendish forecast. It’s a more profitable business, too, as the 23 per cent rise in full-year gross profit to £20.8mn significantly outpaced the 12 per cent growth in full-year revenue of £35.5mn.

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