UK's BTG Consulting FY revenue slightly beats on strength in restructuring, real estate services
UK's BTG Consulting FY revenue slightly beats on strength in restructuring, real estate services
Overview
UK financial and real estate advisor's revenue rose 10% for the year, slightly beating expectations
Adjusted EBITDA and adjusted pretax profit both slightly beat analyst expectations
Growth driven by strong restructuring and real estate activity, while transactional advisory lagged
Outlook
Company anticipates delivering growth in line with its expectations for the current financial year
Macroeconomic uncertainty expected to drive demand for restructuring, impact transactional activity
Result Drivers
RESTRUCTURING DEMAND - Increased restructuring activity, including larger and more complex appointments, drove growth and strengthened market position
REAL ESTATE GROWTH - Real estate division benefited from higher consultancy, valuations and asset-related service demand, as well as acquisitions
WEAK TRANSACTIONAL ADVISORY - Advisory performance was constrained by a challenging transactional market due to macroeconomic conditions, reducing margins
Company press release: ID:nRSF1314La
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Slight Beat* | GBP 168.50 mln | GBP 167.82 mln (5 Analysts) |
FY Adjusted EBITDA | Beat | GBP 33.30 mln | GBP 32.80 mln (5 Analysts) |
FY Adjusted Pretax Profit | Slight Beat* | GBP 25 mln | GBP 24.78 mln (5 Analysts) |
FY Pretax Profit |
| GBP 14.10 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for BTG Consulting PLC is GBp160.00, about 36.8% above its July 3 closing price of GBp117.00
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)