UK's FRP Advisory full-year revenue rises on acquisitions, service expansion
UK's FRP Advisory full-year revenue rises on acquisitions, service expansion
Overview
UK business advisory firm's full-year revenue rose 16% yr/yr to £177 mln
Adjusted EPS for the year grew 11% yr/yr
Growth driven by robust demand in restructuring and acquisitions
Outlook
Trading in early months of current financial year has been in line with Board's expectations
Company says ongoing geopolitical uncertainty may create both challenges and opportunities for clients
FRP expects demand for advisory services to remain robust, supported by strong pipelines
Result Drivers
ORGANIC AND INORGANIC GROWTH - Revenue growth of 16% was driven by 10% organic growth and 6% from acquisitions, with all parts of the group performing well
RESTRUCTURING AND TRANSACTION DEMAND - Robust demand in restructuring and insolvency, and increased activity in private equity and mid-market corporate transactions supported results
ACQUISITIONS AND SERVICE EXPANSION - Targeted acquisitions, including One Advisory and Arc & Co., enhanced financial advisory and real estate capabilities, broadening the group's service offering
Company press release: ID:nRSV3051Na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 177 mln |
|
FY Adjusted EPS |
| GBP 0.1192 |
|
FY Adjusted EBITDA |
| GBP 46.10 mln |
|
FY Adjusted Pretax Profit |
| GBP 41.40 mln |
|
FY Basic EPS |
| GBP 0.1053 |
|
FY EBITDA |
| GBP 40.20 mln |
|
FY Pretax Profit |
| GBP 35.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 FRP Advisory Group PLC is GBp200.00, about 76.2% above its July 21 closing price of GBp113.50
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
July 21 - UK's Gateley FY26 revenue rises 8.2% to record high, cuts dividend
July 21 - Sweden's Embellence Q2 sales fall on weak traditional retail
July 22 - EU insurance regulator demands long-term view from private equity buyers
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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.)