10th May 2021 11:14
Marlowe PLC - London-based business-critical services and software company - Trading in the second half of its current financial year is strong, and it expects to report annual results ahead of market expectations. Adjusted earnings before interest, tax, depreciation and amortization is expected to be in excess of GBP28 million compared to GBP22.1 million reported for the financial year to the end of March 2020. Marlowe says the new financial year has started well, with significant demand experienced across all business units in April.
In addition, the company acquires three businesses that deepen its presence in existing markets: Integral Occupational Health Ltd for GBP2.4 million, and Agriteck Solutions Ltd and the assets of One Price Fire Protection Ltd for a combined consideration of GBP600,000.
Current stock price: 788.00 pence, up 3.7% on Monday
Year-to-date change: up 21%
By Evelina Grecenko; [email protected]
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