3rd Jun 2025 11:20
Eleco PLC - London-based software provider focused on the construction and built environment sectors - Says it is "pleased" with the group's progress during the first four months of 2025, despite "the backdrop of ongoing political and market uncertainty". "Underlying demand for Eleco's products remains resilient, driven by the construction industry's continued shift toward sustainability, digitisation of the built environment, and productivity enhancements," says Non-Executive Chair Mark Castle, in a statement planned for Eleco's annual general meeting on Tuesday.
Eleco says it remains confident in its outlook and says trading has been in line with full-year market expectations. Cavendish forecasts GBP39.6 million in revenue for 2025, up 22% from GBP32.4 million in 2024. The broker also forecasts GBP6.8 million in adjusted pretax profit, 26% higher than GBP5.4 million in 2024.
Current stock price: 158.20 pence, down 3.2% in London on Tuesday morning
12-month change: up 33%
By Emily Parsons, Alliance News reporter
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