REG - Amcomri Group PLC - Trading Update, Notice of Results & Investor Pres

AmcomriAnnouncement

06/05/2025 07:00

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RNS Number : 2616H  Amcomri Group PLC  06 May 2025

 

 

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 Amcomri@walbrookpr.com 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 (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 Amcomri@walbrookpr.com.

 

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:

 

 Amcomri Group plc                                            Via Walbrook
 Hugh Whitcomb, Chief Executive Officer                       Tel: +44 (0)20 7933 8780

 Mark O'Neill, Investment Director
 Siobhán Tyrrell, Chief Financial Officer

 Cavendish Capital Markets Limited                            Tel: +44 (0)20 7220 0500
 Adrian Hadden/Katy Birkin/Dan Hodkinson - Corporate Finance
 Michael Johnson/Jasper Berry - Sales

 Andrew Burdis/Jamie Anderson - ECM

 Walbrook PR Ltd                                              Tel: +44 (0)20 7933 8780
 Tom Cooper / Nick Rome                                       amcomri@walbrookpr.com

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

 

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