24th Feb 2023 10:30
Kin & Carta PLC - London-based business consultancy - Expects net revenue for the six months ended on January 31 to reach GBP98.8 million, up 15% from GBP85.6 million a year before. Says like-for-like net revenue was down 6% in total with a 1% decline in America and a 16% decline in Europe, driven by "particularly difficult trading conditions in the UK". Expects net revenue in the second half to grow 8% to 12% over the first half, with higher operating margin. Adjusted operating margin in H1 is in line with the prior period at around 8% with H2 expected to be stronger. Kin & Carta says its medium term guidance of 15% net revenue growth and adjusted earnings before interest, tax, appreciation margins in the mid-to-high teens remains unchanged. Read More
