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React Group PLC - Birmingham, England-based provider of cleaning and soft facilities management services - Expects revenue of £25.0 million for the financial ended September, up 21% from £20.7 million the year prior and gross profit of £8.0 million, up 40% from £5.7 million a year ago. Projects adjusted earnings before interest, tax, depreciation and amortisation of at least £3.0 million, up 25% from £2.4 million last time. React notes these results are ahead of prior market expectations for revenue and adjusted Ebitda of £24.50 million and £2.75 million respectively. Sales are driven by continued momentum across core service lines and the contribution from the acquisition of 24 hour Aquaflow, while profit reflects improved operational efficiency and a diversified service mix, React says.
Current share price: 50.50 pence, up 11% in London on Tuesday
12-month change: down 40%
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