Cohort annual revenue beats on Communications and Intelligence unit strength
Cohort annual revenue beats on Communications and Intelligence unit strength
Overview
UK defence technology group's full-yr revenue rose 12%, beating analyst expectations
Adjusted EBIT for the year beat analyst expectations
Order backlog reached record of about £620 mln, driven by strong order intake
Outlook
Cohort says order book underpins c.£253m of current market revenue expectations for new financial yr
Company expects strong 2026/27 financial yr, citing high level of order cover
Cohort says strong balance sheet supports investment and targeted acquisitions
Result Drivers
COMMUNICATIONS & INTELLIGENCE GROWTH - Revenue and margin growth in this division, driven by a full-year contribution from EM Solutions, was the main driver of improved group performance
SENSORS & EFFECTORS FLAT - Revenue in this division was flat, with lower net margin due to prudent trading on ELAC’s Italian sonar contract and the sale of SEA’s high margin transport business
STRONG ORDER INTAKE - Order intake rose about 10% year-on-year, with notable contributions from EID, MASS, EM Solutions, Chess and SEA
Company press release: ID:nRSa7634Fa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Beat | GBP 303 mln | GBP 293.89 mln (7 Analysts) |
FY Adjusted EBIT | Beat | GBP 36 mln | GBP 33.91 mln (7 Analysts) |
FY Orders |
| GBP 313 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Cohort PLC is GBp1,500.00, about 21.6% above its May 26 closing price of GBp1,234.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)