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ISC estimates revenue of up to $135M in 2019 as collateral management services grows

The Saskatchewan company plans to cut the cost of delivery through continued automation
Data illustration
The company expects to benefit from any Saskatchewan upswing

Information Services Corp (TSE:ISV) said Monday that it expects revenue of C$129 million to C$135 million in 2019.

The public data technology company said in a statement that growth will be driven by the expansion of its collateral management services. The Regina, Saskatchewan, group added that it plans to reduce the cost of delivery through automation.

READ: Information Services joins forces with air emergency service to help patients in Saskatchewan

The registry operations segment is expected to remain a strong contributor of free cash flow and a beneficiary of any future economic upswing in Saskatchewan. The company cautioned that further increases in interest rates in 2019 could put pressure on transaction volumes.

Diversification remains a key part of strategy, according to the company. 

Information Services predicts earnings before interest, taxes, depreciation and amortization of C$31 million and C$35 million. The Ebitda margin is forecast at 24% to 27%. Capital expenditures are expected to be between C$2 million and C$4 million.

Shares of the company slipped C$0.04 to C$15.81 in Friday’s Canadian trading.

Last week, the company said it is providing data and mapping services for Saskatchewan to the shock trauma air rescue service to aid in emergency response.

Contact Dennis Fitzgerald at [email protected]

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ISC Timeline

Newswire
March 20 2019

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