Bytes Technology Group
BYIT · Main Market · Technology · mcap £1,021m · 453.0p 3 open situations →
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FY27 guidance and cost normalisation
Upgraded guidance reiterated at H1 results
FY27 guidance was set on 24 March and reiterated on 12 May. On 17 September the Board upgraded it after H1 GP growth of c.18%. The 13 Oct H1 results (GP +17.8%, operating profit +6.6%) reiterate the upgraded guidance: FY27 GP up low to mid-teens, operating profit up low to mid single digit. About half of the c.£4.5m cost normalisation fell in H1. The Board expects operating profit to grow broadly in line with GP from FY28.
- H1 GP growth
- c.18% year-on-year (estimated)
- H1 operating profit
- c.6% growth, reflecting cost normalisation
- FY27 GP guidance
- Low to mid-teens growth, reiterated 13 Oct 2026 13 Oct 2026 ↗
- FY27 OP guidance
- Low to mid single-digit growth, excludes CyberOne 13 Oct 2026 ↗
- Next milestone
- Operating profit to grow broadly in line with GP from FY28 13 Oct 2026 ↗
- Cost normalisation
- c.£4.5m across the year, around half in H1 13 Oct 2026 ↗
Next: FY27 results
- 13 Oct 2026 Upgraded guidance reiterated at H1 results
- 17 Sep 2026 FY27 guidance upgraded after strong H1
- 12 May 2026 FY27 guidance reiterated; early weeks strong
- 24 Mar 2026 FY27 guidance given in trading update
Overhang
Coronation Fund Managers selling down
29.028% → 22.5484% in 7 notices
Next: 22.5484% still held
- 1 Sep 2026 22.5484%
- 28 Aug 2026 23.4782%
- 20 Aug 2026 24.7602%
- 18 Aug 2026 25.7599%
Stake building towards control
Coronation Fund Managers towards control
25.2414% (from 24.1672%)
- 18 Nov 2025 25.2414%
Closed · 4
Company filings. Not investment advice.