Trading Update, Notice of Results & Investor Pres
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Trading Update
Notice of Results
Analyst Briefing & Investor Presentation
Amcomri Group plc (AIM: AMCO), the "Buy, Improve, Build" UK focused, specialist engineering services and industrial manufacturing group, presents a trading update for the 12 months ending 31 December 2024 ("FY24"), and notice of FY24 final results.
Trading Update
The Board of Amcomri is pleased with the Group's trading in 2024 and expects to report FY24 revenues of £58.1m (2023: £47.0m), up 24% and adjusted EBITDA of approximately £7.7m (2023: £5.8m), up 33%. FY24 was also successful in delivering on the Group's acquisition strategy through the completion of three strategic acquisitions.
FY24 was notable in Amcomri's journey for its successful AIM IPO, raising gross proceeds of £12m to further pursue its "Buy, Improve, Build" growth strategy. The acquisition of EMC Elite Engineering Services announced on 1 April 2025 further complements the Group's Embedded Engineering Division, and offers a broadening of the Group's technical services and cross-selling opportunities. The Group continues to evaluate an active acquisition pipeline.
Trading in FY25 has started well, and a further update on current trading and outlook will accompany the results announcement.
Notice of Results
Amcomri will announce its FY24 final results on Tuesday 20 May 2025.
Analyst Briefing: 9.30 a.m. on Tuesday 20 May 2025
An online briefing for analysts will be hosted by Hugh Whitcomb, Chief Executive Officer, Mark O'Neill, Investment Director, and Siobhán Tyrrell, Chief Financial Officer, at 9.30 a.m. on Tuesday 20 May 2025 to review the FY24 final results and prospects. Analysts wishing to attend should contact Walbrook PR on Amcomri@walbrookpr.com or 020 7933 8780.
Investor Presentation: 2.00pm on Wednesday 21 May 2025
The Directors will hold an investor presentation to cover the FY24 results and prospects at 2.00pm on Wednesday 21 May 2025.
The presentation will be hosted through the digital platform Engage Investor. Investors can sign up to attend the presentation via the following link https://engageinvestor.news/AMCO_IP25.
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