25th Jul 2024 14:30
JTC PLC - Jersey-based professional services company - Says it "has made a positive start to 2024, the first year of its Cosmos era business plan, during which it aims to once again double revenue and underlying EBITDA from that reported in 2023". Says net organic revenue growth in the first half of 2024 was ahead of its updated 10% per year guidance. New business wins rose 29% to a "record" GBP18.8 million from GBP14.6 million the prior year. New business enquiry pipeline "remains strong across both divisions" with around 50% win rates. Expects to deliver full-year results in line with market expectations.
Chief Executive Officer Nigel Le Quesne says: "The group has made a very good start to the Cosmos era, building on the momentum of our outstanding results from 2023. Organic growth remains above our updated guidance with record new business wins. We are extremely pleased with the acquisitions made during the period, which support our strategy to increase our footprint in key growth markets and expand our service offering to better meet the needs of our global client base, therefore supporting long-term organic growth."
Current stock price: 1,028.00 pence, down 1.9% in London on Thursday
12-month change: up 40%
By Emma Curzon, Alliance News reporter
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