EBITDA last year was 21m, profit was 14m.
EBITDA this year (2018) will be 16m, profit assuming same ITDA will be 8m
The acquisition is an expensive way to stay in place, given the $15.9m of goodwill and $20m of debt that they must take.
It is not a bad acquisition, cheap even at 6x earning, but the deterioration of the underlying FIG business compared to last year is worrying.
EBITDA last year was 21m, profit was 14m. EBITDA this year...
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