FY21 Result: A decent year for the payments tech business, managing to post revenue growth of 13% despite the lockdown headwinds. Profit jumped to $119m, up 28% and slightly ahead of market expectations. Tyro terminals grew 83% in the year despite the technical issues that plagued the company over the Christmas period. Remediation and upgrade costs now seem to be behind them. The business will now look to take advantage of operating leverage, particularly with the ramp up expected once lockdowns are behind us. TYR was trading +4.19% at the time of writing.
MM remains bullish TYR
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