UK&I Daily Focus: Thursday, 9th July 2026

研报英文原文证据摘录

UK&I Daily Focus: Thursday, 9th July 2026

Deutsche Bank

Research

Europe Strategy Date

9 July 2026

UK&I Daily Focus Periodical

Thursday, 9th July 2026

Jonathan Jayarajan

LEADING STORIES Associate Director Equity Research - EMEA

BYTES TECHNOLOGY GROUP PLC (BYIT.L) - Reassuring AGM statement Products

Tintin Stormont: Buy to Hold, Tgt 390p to 410p. Last Close 394p. Bytes has traded +44-20-754-76037

well during the first four months of the financial year, delivering double-digit year- Andy Chu, FCA

on-year growth in gross invoiced income and gross profit across both the private Deputy Head of EMEA Equity Research

and public sectors, and operating profit broadly flat year-on-year. The group is +44-20-754-11360

pleased with progress to date, which is consistent with the outlook provided in our

full-year results announcement. As a reminder, the group's outlook for FY27 is for

a further acceleration to high-single-digit to low-double-digit percentage growth in

gross profit with operating profit expected to be broadly flat. The flat guidance on

operating profit reflects c.£4.5m of cost normalisation comprising higher

technology costs following the completion of strategic projects (some developer

salaries that were previously capitalised now come back to the P&L + associated

amortisation) and a return to normal bonus levels.

Figure 1: Table of Contents

BOKU INC (BOKU.L) - Profit warning

Leading Stories Page 01

Tintin Stormont: Tgt 320p to 155p. Last Close 139.50p. Buy. Boku expects H1 Target Price Change Page 03

revenue to come in at c.$66.5m (DBe: $75m), and adj. EBITDA of at c. $19.3m (29% Company Update Page 03

margin, DBe: $24m). The performance reflects: 1) a key merchant's move to dual Source : Deutsche Bank

sourcing reduced Boku's share of volume in one market.