Gateley (Holdings) PLC H1 24 Trading update and notice of results (1758U)
22 Novembro 2023 - 4:00AM
UK Regulatory
TIDMGTLY
RNS Number : 1758U
Gateley (Holdings) PLC
22 November 2023
22 November 2023
GATELEY (HOLDINGS) PLC
("Gateley or the "Group")
AIM: GTLY
H1 24 Trading update and notice of results
Gateley (AIM: GTLY), the professional services group, is pleased
to announce a trading update ahead of its half year results for the
six months ended 31 October 2023 (the "Period" or "H1 24"), which
will be announced on 17 January 2024.
Despite a challenging market due to macro-economic conditions,
the Group's increasingly diverse business lines combined to deliver
a resilient performance in the Period. Group revenue grew by c.7%
and is expected to be not less than GBP81.5m.
Underlying profit before tax* is expected to be not less than
GBP10.0m, representing growth of c.4.0%.
Activity levels improved throughout Q2 24, compared to Q1 24,
and the Group continues to perform in line with the board's
expectations for FY 24. However, the board remains mindful of
current economic conditions and, therefore, maintains a cautious
outlook.
The Group continues to maintain a strong balance sheet with low
net debt at the Period end (GBP3.1m), after investment in both
inorganic and organic growth opportunities in line with the Group's
long-term strategic plan.
*Underlying profit before tax excludes remuneration for
post-combination services, gain on bargain purchase, share-based
payment charges, acquisition related amortisation and exceptional
items.
Commenting, Rod Waldie, Chief Executive Officer of Gateley,
said:
"Given the economic conditions during the Period, I am pleased
with the Group's performance in H1 24 and improving activity levels
as the financial year progresses mean that we are carrying good
momentum into H2.
"Whilst the macroeconomic and geopolitical outlook remains
uncertain, the Group continues to benefit from the resilience
created by our strategy of investing in a diverse and complementary
range of professional services. Our balance sheet provides a strong
foundation from which to take a long-term view of potential
opportunities to further invest in both legal and consultancy
services.
"Finally, as always, I would like to thank our clients for their
support and our dedicated people for their ongoing hard work,
commitment and can-do attitude."
Enquiries
Gateley (Holdings) Plc
Neil Smith, Finance Director Tel: +44 (0) 121
234 0196
Nick Smith, Acquisitions Director and Head Tel: +44 (0) 20
of Investor Relations 7653 1665
Cara Zachariou, Communications Director Tel: +44 (0) 121
234 0074
Mob: +44 (0) 7703
684 946
Liberum - Nominated adviser and Broker
Richard Lindley / Ben Cryer / Cara Murphy Tel: +44 (0) 20
3100 2000
Belvedere Communications Limited - Financial
PR
Cat Valentine (cvalentine@belvederepr.com) Mob: +44 (0) 7715
769 078
Keeley Clarke (kclarke@belvederepr.com) Mob: +44 (0) 7967
816 525
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTBBBJTMTITBPJ
(END) Dow Jones Newswires
November 22, 2023 02:00 ET (07:00 GMT)
Gateley (holdings) (LSE:GTLY)
Gráfico Histórico do Ativo
De Set 2024 até Out 2024
Gateley (holdings) (LSE:GTLY)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024