ThinkSmart maintains ebitda target for 2010

Computer equipment financing company ThinkSmart (ASX:TSM) is maintaining its target of 20% ebitda growth for 2010, CEO ned Montarello said.

The company delivered strong like-for-like ebitda growth in the first quarter, with its Australian operations performing ahead of internal expectations, he said.

“[And] April and May, whilst softer, [were] still positive to budget and sound year-on-year growth,” he added.

Montarello added that with ThinkSmart’s recent business deal in the UK, the rest of the year is also looking good.

More than 95% of ThinkSmart’s ebitda is generated from its Australian and UK operations.