The Irish Times reported on Monday that Datalex is planning to go to the market to raise more than €25 million of equity in June. “I think that there’s a real opportunity out there but our customers deserve partners with strong balance sheets,” Mr Corkery said. Mr Corkery and chief financial officer Niall O’Sullivan came on board as part of the overhaul. Earnings before interest, tax, depreciation and amortisation (ebitda) rose from $700 million in 2019 to $3.4 million last year. Mr Corkery said the company’s business model, with a mix of fixed and variable revenue, “buffered” the group’s exposure to the slump in airline travel last year.

Source: The Irish Times April 29, 2021 08:48 UTC