Edison Investment Research - 1Spatial (A2NB01) 1Spatial - Trading in line, no COVID-19 impact so far

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Edison Investment Research

Richard Williamson

1Spatial - Trading in line, no COVID-19 impact so far

1Spatialâ€™s trading update confirms FY20 (ended January) financials will be in line with our estimates. We update exceptionals, amortisation of acquired intangibles and the year-end cash balance but make no material changes to underlying forecasts. The company has seen no impact from COVID-19 so far but is ready to take â€˜appropriate actionâ€™. Given this, the halving of the share price in the last two weeks seems an overreaction.

23/03/2020 4 EN

Underlying

1Spatial

1Spatial is a holding company. Through its subsidiaries, Co. is engaged in the development and sale of information technology (IT) software along with related consultancy and support. Co. has two business segments and brands: 1Spatial, which is a technology enabled solutions provider supplying spatial solutions, software and services; and Enables IT, which is a solutions provider focusing on network managed services.

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GB00B09LQS34 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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1Spatial - Trading in line, no COVID-19 impact so far

1Spatial: 2 directors

1Spatial - Well positioned to cope with any downturn

Norcros - Sale of Johnson Tiles UK agreed

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

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