MDA of Canada’s CAD 500M stock listing forecasts that revenue will double in 2 years

by Peter B. de Selding

PARIS — Canadian space hardware manufacturer MDA Ltd. is preparing a listing on the Toronto Stock Exchange with a forecast that the company will double its revenue in the next two years and then grow another 76%, to 1.5 billion Canadian dollars ($1.17 billion), in 2025.

Adjusted EBITDA during the period will grow less quickly. The company has set a long-term target EBITDA margin of 18-20%, MDA said in a preliminary investor prospectus published March 22.

MDA was purchased from Maxar . . .

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