Hi rowser,
Yes, they have a high level of repeat work (87 % of work coming from existing clients).
But it does not necessarily generate regular revenue. That's why I prefer recurring revenues, but I don't think that they have a high % of sales coming from recurring revenues*.
I read in another company's presentation (SKS Technologies) that, on average, corporates relocate after a 5 year lease, so I suspect that a customer would need them mostly every 5 years.
* I don't know if they have communicated any figure about this.
Ann: Half Year Results Presentation, page-7
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