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IN BRIEF: K3 Capital says results to beat guidance, sees growth ahead

15th Oct 2021 14:13

K3 Capital Group PLC - Bolton, England-based professional advisory services firm - Schedules annual results for November 1 and says the figures for the financial year that ended on May 31 will be ahead of the guidance it had provided in mid-June. At the time, K3 Capital said it expected to report adjusted earnings before interest, tax, depreciation and amortisation of no less than GBP14.3 million on revenue of about GBP46 million. In financial 2020, K3 Capital reported Ebitda before exceptional costs of GBP6.8 million on revenue of GBP15.0 million.

K3 Capital on Friday says it "has seen the positive momentum built throughout FY21 continue into the current financial year, with strong [key performance indicator] performance and trading in line with market consensus. The board expects the group to deliver further organic growth this year, while continuing to progress its acquisition and integration strategy."

Current stock price: 340.00 pence

Year-to-date change: up 33%

By Tom Waite; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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