Iron Mountain delays costing Recall

Company News


Recall Holdings Limited (ASX:REC) has announced interim revenue growth of 6.7 per cent on a constant currency basis.
 
Organic growth was up 2 per cent with growth via acquisition up 5 per cent, this growth slowed due to delays in the transaction involving Iron Mountain.
 
The Scheme meeting to vote on the Iron Mountain acquisition has been pushed back a month with Recall saying that Iron Mountain is committed to close the transaction as soon as possible. 
 
The outlook is hampered by the delay in the acquisition however Recall is expecting organic growth to remain at two per cent. 
 
An interim dividend of 9.5 cents has been declared.  

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