REG - Marks Electrical Grp - Trading Update and Update on Outlook

Marks ElectricalAnnouncement

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RNS Number : 0796A  Marks Electrical Group plc  13 April 2026

Marks Electrical Group plc

 

Trading Update and Update on Outlook

 

Marks Electrical Group plc ("Marks Electrical" or "the Company" or "the
Group"), the online electrical retailer, today provides a further update
following the Company's Pre-Close Trading Update issued on 26 March 2026,
ahead of its unaudited final results for the year ended 31 March 2026
("FY26"), which are expected to be published in June.

 

As previously announced, the Group expects to deliver full year revenue of
£108.5m. Following a stronger than anticipated end to the year, unaudited
adjusted EBITDA was £2.65m and net cash was £4.45m at year end, both ahead
of the range previously indicated.

 

Outlook

 

The Group enters FY27 with positive trading momentum and a strengthened cash
position. Building on the progress made during FY26, the Board expects
sustainable growth in both revenue and profitability in FY27 as the benefits
of its disciplined focus on margin and operational efficiency continue to be
realised.

 

Enquiries:

Marks Electrical Group
plc                                             Via
DGA Group:

Mark Smithson
(CEO)                                                                  Tel:
+44 (0)20 7664 5095

Tom Pallatt (CFO)

 

DGA Group (Financial PR)

Jonathon Brill / James Styles
                       Tel: +44 (0)20 7664 5095

markselectrical@dgagroup.com (mailto:markselectrical@dgagroup.com)
 
 
 
 
 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger
                   Tel: +44 (0)20 7523 8000
 

 

About Marks Electrical

Marks Electrical is a technology driven e-commerce electricals retailer which
sells, delivers, installs and recycles a wide range of household electrical
products. The Group was founded in Leicester in 1987 by Mark Smithson and has
scaled into a nationwide online retailer with a compelling growth track
record, thanks to its vertically integrated, low-cost, high-quality operating
model, supported by the ongoing structural shift of consumers to purchase
online. The Group operates within the UK Major Domestic Appliances (MDA) and
Consumer Electronics (CE) market, estimated to be worth approximately £7
billion.

Primarily through its simple, clear and intuitive website -
markselectrical.co.uk - the Group offers over 4,500 products from over 50
leading brands across its main product categories, which include Cooking,
Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These
products are sourced from UK distributors of the brands, with whom the Group
maintains strong and direct relationships. Marks Electrical delivers direct to
customers in its owned and branded vehicles, operated by the Group's skilled
team of delivery drivers, who are also able to offer installation and
recycling services.

For further information, visit the Marks Electrical corporate
website: https://group.markselectrical.co.uk
(https://group.markselectrical.co.uk/)  and its retail
website: https://markselectrical.co.uk/ (https://markselectrical.co.uk/) .

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended. Upon the publication of this announcement
via a Regulatory Information Service, this inside information is now
considered to be in the public domain.

 

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