May 8, 2025
(Alliance News)
–
(
Alliance News
) - The following is a round-up of earnings and trading updates by
London
-listed companies, issued on Wednesday and not separately reported by
Alliance News
:
----------
Smiths News PLC
-
Swindon, England
-based newspaper and magazine distributor - pretax profit climbs to
GBP17.7 million
in the 26 weeks to
March 1
from
GBP15.9 million
a year prior on flat revenue of
GBP536.4 million
, down slightly from
GBP539.8 million
. Half-year dividend is 1.75p, unchanged on-year. Says the good start to financial 2025 is underpinned by the news and magazines business, with trading in line with market expectations. Delivers
GBP3.0 million
of cost savings in the half-year, a touch lower than
GBP3.1 million
a year ago. Notes major contract renewals now secured, with 91% of existing publishers revenue to at least 2029, underpinning both short and medium-term revenues and the expansion of its early morning supply chain activities. Says trading for FY is in line with market expectations.
----------
Kitwave Group PLC
- North Shields,
England
-based food wholesaler - announces a pre-close trading update for the six-month period ended
April 30
. Reports trading overall is in line with its expectations despite an environment where the group experienced weaker demand in hospitality-related revenue, which impacted the Foodservice division's performance in the early months of the period. Trading in the Foodservice division did then improve towards the end of the period. The revenue performance of the Retail & Wholesale division was robust, with positive like-for-like trading. Says the group is on track to meet its full year expectations and the integration of Creed is progressing well.
----------
Redcentric PLC
-
Harrogate
,
North Yorkshire
-based IT managed services provider - Issues pre-close trading update for year to
March 31
. Says full-year revenue rose 4.2% to
GBP170.0 million
from
GBP163.1 million
a year prior. Adjusted earnings before interest, tax, depreciation and amortisation improves 31% to
GBP37.0 million
from
GBP28.3 million
. "These results highlight the ongoing benefits of the company's acquisition strategy and the positive impact of enhanced operational efficiencies,"
Redcentric
says. In addition, names
Michelle Senecal De Fonseca
as chief executive with immediate effect. Michelle has been a non-executive director of the company since
February 2024
and is an experienced executive in the technology industry having previously served as managing director for Vodafone's Cloud and
Hosting Services
business.
----------
B90 Holdings PLC
-
Isle of Man
-based company in the online gambling industry - pretax loss narrows to
EUR1.7 million
in 2024 from
EUR5.5 million
a year prior as revenue edges up to
EUR3.5 million
from
EUR3.0 million
. Revenue growth is driven by improved monetisation of affiliate marketing partnerships and expansion of key brands. B90 highlights 32% drop in administrative expenses year-on-year. "This has been a transformational year for B90, with the group achieving key operational milestones and establishing a solid foundation for sustainable growth," company says.
----------
Tasty PLC - London
-based casual dining restaurant operator - swings to pretax profit of
GBP16.0 million
in the 52 weeks to
December 29
from
GBP14.5 million
loss the year prior despite revenue dropping to
GBP36.6 million
from
GBP46.9 million
. Sales drop is driven by the closure of 16 trading units initiated in
April 2024
. "The board is confident that it is now in a stable financial position," it says. No dividend declared, unchanged.
----------
Gulf Marine Services PLC
- provider of self-propelled and self-elevating support vessels for offshore energy - says first-quarter revenue has risen 14% to
USD42.3 million
from
USD37.1 million
. Its adjusted Ebitda shoots up 21% to
USD25.6 million
from
USD21.2 million
. "Adjusted Ebitda guidance for 2025 remains in the range of
USD100-108 million
. As for 2026, and while we are still closely monitoring the global economic news, we are targeting an Ebitda in the range of
USD105-115 million
," Gulf Marine says.
----------
Accsys Technologies PLC - London
-based wood building products manufacturer - expects to deliver results for the year to
March 31
in line with previously upgraded market consensus.
Accsys
considers market consensus for full-year adjusted Ebitda to be
EUR10.5 million
. Expects full-year revenue of
EUR136.6 million
, little changed from
EUR136.2 million
a year prior. Continues to monitor developments with regards to US tariffs. Notes currently, tariff exemptions are in place for lumber imports into the US and the company's US manufacturing plant enables
Accsys
to serve US customers with locally manufactured product.
----------
Various Eateries PLC
-
London
-based operator of restaurant, clubhouse and hotel sites under the
Coppa Club
and Noci brands - Says trading in the 26 weeks to
March 30
is in line with market expectations for the full year. Sales in the 26 weeks reach
GBP24.7 million
up 8.8% from
GBP22.7 million
a year prior. Growth was driven primarily by the contribution of new site openings. Like-for-like sales were flat year-on-year, primarily reflecting the impact of Easter falling later this year and after period end. "The board is encouraged by the group's trading momentum and improved profitability as it prepares to enter the important summer trading months. Supported by a robust balance sheet and strengthened operational platform, the group will continue to evaluate expansion opportunities while maintaining its disciplined approach to site selection."
----------
Synectics PLC
-
Sheffield, England
-based provider of advanced security and surveillance systems solutions - Says trading to date in the year ending
November 30
is in line with the board's expectations and the outlook for the full year remains consistent with previous market guidance. Recent wins across all key sectors continue to support the Company's solid order book and encouraging sales traction, company says.
----------
Hercules Site Services PLC
-
Cirencester, England
-based labour supplier for the
UK
infrastructure and construction sectors - Says trading is in line with market expectations in the six months to
March 31
with revenue expected to be more than
GBP54 million
. Revenue growth is underpinned by continuing momentum at key infrastructure sites in the
UK
, and boosted by government commitments to the sector, reinforcing the company's strategy to focus on its Labour Supply business.
----------
Zambeef Products PLC
-
Lusaka, Zambia
-based cold food chain products producer and agribusiness - expects full year 2025 revenue and gross profit to be around 10% and 3% below current market expectations respectively. This is due to both a weaker Zambian Kwacha and softer volume performance, driven by reduced consumer spending. As a result, reported pretax profit is anticipated to be around 20% below current market expectations, reflecting revenue reduction and higher-than-expected financing costs. Despite this reduction against expectations, reported pretax profit for the full year is still expected to be ahead of the prior year.
----------
Airea PLC
-
West Yorkshire
-based flooring company - reports an encouraging start to the year with revenue for the four months to
April 30
ahead of the prior year by 2.6%. Demand is strong for its carbon-neutral and low-carbon ranges, supported by the successful launches of products rocklines and threads in the first quarter. "The board is confident of making further progress in 2025, and we look forward to updating shareholders in due course."
----------
By
Jeremy Cutler
, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
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