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Northern Bear PLC - Newcastle Upon Tyne, England-based specialist building and support services company - Says earnings before interest and tax are ‘likely to exceed market expectations’, at between £3.2 million and £3.5 million for the financial year ending March 31. Adjusted operating profit was £2.6 million in financial 2024. Adds ‘we are hopeful of a good end to the financial year’ as the order book ‘remains strong’. Northern Bear says it has benefited from a ‘strong performance’ in its building services division, including ‘continued growth’ at fire protection business Isoler, attributing this to its investments in operations. Also, a ‘relatively mild and dry’ winter has ‘supported trading for our roofing division, in particular’.
Northern Bear also says it has decided to close its fit-out operation at H Peel & Sons and integrate the business and ongoing contracts into specialist building solutions business Arcas.
Current stock price: 56.94 pence each, closed 8.5% higher on Thursday in London
12-month change: down 5.9%
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