Trading Update, Notice of Results & Investor Pres

6 May 2025

Amcomri Group plc

("Amcomri", the "Company" or the "Group")

 Trading Update

Notice of Results

Analyst Briefing & Investor Presentation

Amcomri Group plc (AIM: AMCO), the "Buy, Improve, Build" UK focused, specialist engineering services and industrial manufacturing group, presents a trading update for the 12 months ending 31 December 2024 ("FY24"), and notice of FY24 final results.

Trading Update

The Board of Amcomri is pleased with the Group's trading in 2024 and expects to report FY24 revenues of £58.1m (2023: £47.0m), up 24% and adjusted EBITDA of approximately £7.7m (2023: £5.8m), up 33%. FY24 was also successful in delivering on the Group's acquisition strategy through the completion of three strategic acquisitions.

FY24 was notable in Amcomri's journey for its successful AIM IPO, raising gross proceeds of £12m to further pursue its "Buy, Improve, Build" growth strategy. The acquisition of EMC Elite Engineering Services announced on 1 April 2025 further complements the Group's Embedded Engineering Division, and offers a broadening of the Group's technical services and cross-selling opportunities. The Group continues to evaluate an active acquisition pipeline.

Trading in FY25 has started well, and a further update on current trading and outlook will accompany the results announcement.

Notice of Results

Amcomri will announce its FY24 final results on Tuesday 20 May 2025.

Analyst Briefing: 9.30 a.m. on Tuesday 20 May 2025

An online briefing for analysts will be hosted by Hugh Whitcomb, Chief Executive Officer, Mark O'Neill, Investment Director, and Siobhán Tyrrell, Chief Financial Officer, at 9.30 a.m. on Tuesday 20 May 2025 to review the FY24 final results and prospects. Analysts wishing to attend should contact Walbrook PR on [email protected] or 020 7933 8780.

Investor Presentation: 2.00pm on Wednesday 21 May 2025

The Directors will hold an investor presentation to cover the FY24 results and prospects at 2.00pm on Wednesday 21 May 2025.

The presentation will be hosted through the digital platform Engage Investor. Investors can sign up to attend the presentation via the following link https://engageinvestor.news/AMCO_IP25.

Questions can be submitted pre-event or in real time during the presentation via the "Ask a Question" function, alternatively by submitting to [email protected]. 

Certain of the information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

Enquiries:

To find out more, please visit: www.amcomrigroup.com

Notes to Editors:

Amcomri is a "Buy, Improve, Build" group focusing on acquiring, integrating and enhancing specialist engineering services and industrial manufacturing businesses that provide technical services to major UK infrastructure, transportation and energy companies and bespoke mission-critical services to a diverse range of sectors and markets.

The Group currently operates through the following two divisions:

(i) Embedded Engineering Division: provides specialist technical and engineering services for major industrial, infrastructure and transportation clients, typically with complex technical needs and undertaken in operating environments where safety and compliance performance are critical requirements. The division predominantly provides engineering services and support for their clients' capital intensive, mission-critical assets such as high voltage electrical transmission systems, petrochemical and continuous process operations, and large power generation plants.

(ii) B2B Manufacturing Division: focuses on selective niche B2B markets or businesses, where the Group has identified an opportunity to achieve enhanced financial performance by leveraging an initially strong competitive market position combined with the Group's business improvement capabilities.

The Group operates across a diverse range of sectors and markets, including industrial, infrastructure and mass transportation. The Group deploys a structured "Buy, Improve, Build" strategy with a track record of value enhancing acquisitions in the industrial environment. It has a particular focus on leveraging the Group's experience and track record in relation to acquisitions arising from owner manager 'retirement' situations, where there are no, or limited, alternative plans for succession to sustain the enterprise value present within the target business.

The Group has been created through a series of 17 successful acquisitions, comprising the acquisition of 13 operating companies and 4 bolt-on asset/business purchases, each of which has been integrated into the Group. The Group's businesses have grown organically and are well placed to take advantage of the positive opportunities that exist in their respective end markets. This strategic approach has delivered compound annual Group revenue growth of 48.8 per cent. between FY21 and FY23.