Tinexta provides IT solutions, information and consulting services in niche markets, predominantly to corporate clients. In its fastest-growing divisions, Digital Trust and Innovation & Marketing Services, it is the domestic market leader and is expanding internationally. Tinexta has just announced, via M&A, its entry into the complementary market of cybersecurity, which will lead to the creation of its fourth business unit. We estimate that cybersecurity will accelerate Tinexta's organic revenue growth from 4-5% to more than 8% from FY21, but will be dilutive to the group EBITDA margin initially before improving quickly. There will likely be further M&A to increase geographic coverage, client reach or expand the product offer. Q220 results were much better than expected, as all businesses improved organic revenue growth trends versus Q120.Den vollständigen Artikel lesen ...