REG - Croma Sec. Sol. Grp - Trading Statement

Croma Security SolutionsAnnouncement

20/01/2025 07:00

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RNS Number : 8162T  Croma Security Solutions Group PLC  20 January 2025

20 January 2025

Croma Security Solutions Group Plc

 
("CSSG", "Croma", "the "Company" or the "Group")

Trading Statement

Trading Positively, Strong Balance Sheet and Positioned to Expand Security
Centre Network

Croma Security Solutions Group plc (AIM:CSSG) is pleased to announce the
following update on trading for the first six months ("H1 2025") of its
financial year ending 30 June 2025 ("FY 2025").

H1 2025

During the six month period, the Company performed well and expects to report
revenue of £4.6 million (H124: £4.27 million), up 8% on the previous year.
Trading is firmly on track to meet market expectations for FY 2025 as a whole.

This growth reflects the Group's continuing success in delivering high-quality
security solutions across locksmith, fire and security services for both
domestic and commercial environments. The Group has seen a organic growth in
both divisions across its core markets in the education, utilities, health and
leisure sectors, with several new orders from existing clients, particularly
in the healthcare sector.

Croma continues to have a strong balance sheet with no debt and cash of £4.1
million as at 31 December 2024, with a further £2.5 million due from the
disposal of Vigilant over the next six quarters.

H2 2025

Trading for the second half has begun positively. The pipeline of locksmith
acquisition opportunities continues to develop with some opportunities well
advanced. Key acquisition targets are typically family-owned businesses,
seeking an exit for founders but also often combining an opportunity for the
next generation of the family to participate in the future growth of the
stores and the Croma network. The Company is open to acquiring freehold or
leasehold properties, depending on the individual commercial structure of each
acquisition. All freehold properties are currently debt free and could, if
required, be used as collateral to raise additional investment capital.

Roberto Fiorentino, Chief Executive Officer, commented: "We are pleased with
our performance in for the first half of our financial year and  with a good
pipeline of acquisition opportunities in place, and the financial resources to
fund them, we feel well-positioned to deliver further growth."

 

For further information visit www.cssgplc.com or contact:

 

Croma Security Solutions Group
Plc
Tel: +44 44 (0)1489 566 166

Roberto Fiorentino, CEO

Teo Andreeva, CFO

 

Zeus
 
          Tel: +44 (0)203 829 5000

(Nominated Adviser and Broker)

Mike Coe

James Bavister

 

Novella
 
           Tel: +44 (0)203 151 7008

Tim Robertson

Claire de Groot

Safia Colebrook

 

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