CSG Limited announced financial results for the full year ended June 30, 2017. For the year, revenue was $244.5 million representing 1% decline from the same period last year. Underlying EBITDA was $30.3 million representing 21% decline from the same period last year. Underlying NLAT before customer contract amortization was $19.4 million representing a 24% decline from the same period last year. Reported NLAT of $43.7 million, reflecting a non-cash impairment of $55.0 million of intangible assets relating to goodwill associated with the print business. Capital expenditure was $6.5 million, primarily related to growth CapEx. During the second half of fiscal year 2017, the restructure of its New Zealand business and parts of the Australian business was completed. This resulted in approximately $1.2 million of associated cost savings which has been included in the underlying EBITDA for the year.

The company provided earnings guidance for the fiscal year 2018. The company expects revenue growth of approximately 10%. EBITDA (before LTIP expense) expected to be approximately $30 million. Capital expenditure of $7.5 million reflecting increased investment in platforms to accelerate technology growth. It expects pre-tax underlying cash flow conversion of greater than of 100%.