Brief: Ricardo Expects FY24/25 Trading Within Analyst Expectations
22/04/2025 07:20
April 22 (Reuters) - Ricardo PLC RCDO.L: RICARDO PLC - BUSINESS AND STRATEGY UPDATE RICARDO PLC - EXPECTS CASH CONVERSION TO EXCEED MEDIUM-TERM TARGET IN H2 FY24/25 RICARDO PLC - EXPECTS TO DELIVER TRADING WITHIN ANALYST EXPECTATIONS FOR FY24/25 RICARDO PLC - EXPECTS NET DEBT TOWARDS LOWER END OF ANALYST GUIDANCE FOR FY24/25 RICARDO PLC - MANAGEMENT EXPECTS TO ACHIEVE AT LEAST AN INCREMENTAL £10M OF COST SAVINGS IN FY25/26 RICARDO PLC - EXPECTS REDUCED CAPITAL EXPENDITURE IN FY24/25 RICARDO PLC - BOARD ASKS SHAREHOLDERS TO SUPPORT IT IN REJECTING SCIENCE GROUP'S DEMAND Source text: ID:nRSV6017Fa Further company coverage: RCDO.L ((Reuters.Briefs@thomsonreuters.com;))