Actualización de Trading
25 de abril de 2024
Grupo Mérito Plc
("Merit", la "Empresa" o el "Grupo")
Actualización de comercio de año completo
Merit Group Plc (AIM: MRIT), the AIM-listed data and intelligence business, today issues an update on trading for the financial year ended 31 March 2024 (FY24).
The Group expects to report revenues in FY24 of approximately £19.9m (FY23 £18.6m) and Adjusted EBITDA1 of around £4.0 million (FY23 £2.7m), approximately 10% ahead of market expectations2.
Based on the unaudited management accounts, Profit before Taxation and non-recurring items for the year ended 31 March 2024 is expected to amount to £1.2m (FY23: Loss of £0.2m), the first Profit before tax for the year reported since FY18.
The Group had net debt of £1.9m as at 31 March 2024 (31 March 2023: £2.6m).
Commenting on the results, CEO & CFO Phil Machray said: "These results for the first full year post the 2022 disposals clearly show the potential of our two operating businesses. MD&T has achieved double digit revenue growth and an Adjusted EBITDA margin in excess of 20%, whilst Dods Political Intelligence has achieved a 30% Adjusted EBITDA margin from flat year-on-year revenues. Together, these businesses have delivered almost £5 million of trading EBITDA3, which together with a focus on overhead reduction, have allowed the Group to deliver Adjusted EBITDA up 50% year-on-year. Our current activities are focussed on further revenue and earnings growth in the new financial year."
1 Adjusted EBITDA is calculated as earnings before tax, depreciation, amortisation of intangible assets, share based payments and non-recurring items in respect of continuing operations
2 Based on the £3.6m Adjusted EBITDA forecast contained in the most recent brokers research note, published on 8 November 2023
3 Trading EBITDA is Adjusted EBITDA from Operating business segments prior to Central PLC costs.
Further information on the Company can be found at www.meritgroupplc.com.
Este anuncio contiene información privilegiada a los efectos del artículo 7 del Reglamento de abuso de mercado (UE) 596/2014, modificado por el reglamento 11 del Reglamento de abuso de mercado (enmienda) (salida de la UE) 2019/310. Con la publicación de este anuncio, esta información ahora se considera de dominio público.
Para más información, por favor póngase en contacto con: | |
Grupo de mérito plc | |
Mark Smith - Presidente Phil Machray - director ejecutivo y director financiero
| 020 7593 5500 020 7593 5518 |
Canaccord Genuity Limited (Nómada y Broker) bobbie hilliam harry pardoe | 020 7523 8150 |
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