The FY’22 results beat market expectations and saw strong digital growth, as well as a return to more normal redemption patterns. Unsurprisingly, the shares have reacted since. We reviewed Appreciate’s (APP) business model in our initiation, Solid core + digital disruption = unique model, published on 1 September 2021, when we emphasised the importance of transforming the group into a growth, digital model. For us, the key to these results was not the short-term numbers, but rather the strategic growth. In addition to 20% digital billings growth, and further efficiency gains, APP announced an acquisition, expected to accelerate plans by 18 months.
If you'd like to be introduced to the team at Appreciate Group plc, get in touch.Request a meeting