17th Feb 2025 10:19
FRP Advisory Group PLC - London-based specialist business advisory firm - Says trading across all its divisions are "currently ahead of the board's expectations". It expects to deliver results for the financial year to April 30 ahead of market expectations, which it puts at GBP147.6 million for revenue and GBP39.9 million for adjusted Ebitda. For financial 2024, the firm had reported revenue of GBP128.2 million and adjusted underlying Ebitda of GBP37.1 million.
"FRP is pleased with its performance in the year to date, with trading across each of the five service pillars currently ahead of the board's expectations, demonstrating FRP's ability to grow profitably through a range of services that help clients at different stages of their corporate cycle," FRP says. It declares a 0.95p per share third-quarter dividend, up 5.6% from 0.9p a year prior. The company expects to release full-year results in mid-May.
Current stock price: 138.02 pence each, up 3.0% on Monday morning in London
12-month change: up 9.5%
By Tom Budszus, Alliance News slot editor
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