Amino sees revenues and profit surge

UK-based TV technology outfit Amino Technologies saw its full-year revenues and operating profit surge in 2016, boosted by the integration of prior-year acquisitions Booxmedia and Entone.

Revenue for the year was £75.2 million (€87.4 million), up 80%, while EBITDA rose by 80% to £13.5 million and operating profit by 100% to £10.2 million.

Organic revenue was up 7%, two percentage points higher than the company’s management’s initial expectation of 5% growth.

Amino said it saw strong take up of IPTV products in Latin America, while its Enable TV software platform was deployed to a number of new customers, including PCCW, where it will be used to deliver 4K Ultra HD TV services.

Amino also saw new cloud TV contracts in Europe and new contracts with regional operators in North America.

“This has been a very good year for Amino. As a result of our increased focus on sales execution, a broader product portfolio and the rapid integration of the two businesses acquired in 2015, all financial metrics are ahead of the expectations set at the beginning of the year. We now look forward to continuing the positive momentum generated in 2016 and to continue building the group for further long-term sustainable profitable growth,” said Keith Todd, the company’s chairman.