21st Aug 2025 12:22
(Alliance News) - Amcomri Group PLC on Thursday hailed its recent acquisitions and reported a new "major contract" win, as the company said it is enters the second-half of 2025 with "positive momentum" and "continued confidence".
The London-based specialist engineering services and industrial manufacturing group reported a "strong" trading performance in the first half of 2025, anticipating revenue and underlying adjusted earnings before interest, tax, depreciation and amortisation ahead of the prior year.
Revenue is expected to be at least GBP31.8 million, up 17% from GBP27.3 million, while underlying adjusted Ebitda is expected around GBP4.3 million, a 15% uplift on GBP3.8 million.
Amcomri credited the momentum to sustained demand across its core markets, with it also noting operational efficiency gains tied to recent acquisitions.
Back in April, Amcomri acquired mechanical and electrical engineering service provider EMC Elite Engineering Services Ltd for an initial cash consideration of GBP2.5 million, with a deferred consideration of GBP1.5 million. An earn-out agreement also formed part of the terms.
In August, it completed the acquisition of Randor Technologies Ltd, a Dublin-based provider of industrial electronic repair and reverse engineering service, also known as Electronix.
It paid an initial sum of EUR2.0 million, with a remaining EUR1.5 million to be paid on a deferred basis based on an earn-out agreement.
On Thursday, Amcomri said both acquisitions are immediately earnings-accretive.
It expects to report its first-half earnings on September 23.
Amcomri added that it has secured a "major new contract" with an unnamed company in the renewable energy sector, with this order "underpinning the growth trajectory" and "reinforcing" its sector positioning.
"We are very pleased with the group's performance in the first half of the year. The major contract win is a clear endorsement of our capabilities, and the acquisitions mark another important step in executing our growth strategy. We enter the second half of the year with positive momentum and strong continued confidence in the group's prospects," said Chief Financial Officer Siobhan Tyrrell.
Its shares rose 2.9% to 135.88 pence on Thursday afternoon in London.
By Christopher Ward, Alliance News reporter
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