Brief: Marks Electrical Group Sees FY Revenue To Be In Range Of 115-118 Mln Stg

Marks Electrical

10/01/2024 07:27

Jan 10 (Reuters) - Marks Electrical Group PLC  MRKM.L :
    * MARKS ELECTRICAL GRP  - TRADING UPDATE
    * MARKS ELECTRICAL GROUP PLC - STRONG GROWTH IN REVENUE
DURING
Q3-24 (OCTOBER TO DECEMBER) WITH REVENUE GROWTH OF 17.8% TO
£35.1M (Q3-23 £29.8M)
    * MARKS ELECTRICAL GROUP PLC - YEAR TO DATE (YTD) REVENUE
GROWTH
OF 22.0% TO £88.9M (2022 YTD: £72.9M)
    * MARKS ELECTRICAL GROUP PLC - NOW EXPECT OUR FULL YEAR
REVENUE TO
BE IN RANGE OF £115-118M WITH EBITDA IN RANGE OF £5-6M
    * MARKS ELECTRICAL- REMAIN CAUTIOUS ON SPEED OF RECOVERY IN
CONSUMER BUYING PATTERNS, EXPECT TO TEMPORARILY IMPACT RECOVERY
OF OUR GROSS PRODUCT MARGIN

Source text for Eikon:  ID:nRSJ1470Za 
Further company coverage:  MRKM.L 

 (Reuters.Briefs@thomsonreuters.com)