UK's Knights Group anticipates FY revenue growth on acquisitions
20/05/2026 07:10
Overview UK legal services provider expects FY revenue up 28% yr/yr, driven by organic growth and acquisitions Expects adjusted EBITDA for FY to rose 19% yr/yr; adjusted pretax profit up 18% Company completed several acquisitions in FY26, strengthening presence in South East and Cardiff Outlook Knights says it is actively assessing acquisition opportunities with a healthy pipeline Result Drivers ORGANIC GROWTH - Double-digit organic growth in H2 contributed to full-year revenue increase, according to the company ACQUISITIONS - Recent acquisitions, including Birkett Long, Rix & Kay, and Le Gros Solicitors, strengthened regional presence and performed well, per company DISCIPLINED EXECUTION - Company cites disciplined execution by expanded management team and business model as supporting financial performance, per CEO Company press release: ID:nRST9780Ea Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 Knights Group Holdings PLC is GBp220.00, about 27.2% above its May 19 closing price of GBp173.00 The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 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.)