Trading Update and Update on Outlook
Marks Electrical Group plc has announced a trading update indicating that full-year revenue is expected to reach £108.5 million, with unaudited adjusted EBITDA of £2.65 million and net cash of £4.45 million at year-end, both exceeding previous expectations. The company anticipates positive trading momentum and a strengthened cash position entering the next fiscal year, projecting sustainable growth in both revenue and profitability for FY27 due to its focus on margin and operational efficiency.
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Marks Electrical Group plc ("Marks Electrical" or "the Company" or "the Group"), the online electrical retailer, today provides a further update following the Company's Pre-Close Trading Update issued on 26 March 2026, ahead of its unaudited final results for the year ended 31 March 2026 ("FY26"), which are expected to be published in June.
As previously announced, the Group expects to deliver full year revenue of £108.5m. Following a stronger than anticipated end to the year, unaudited adjusted EBITDA was £2.65m and net cash was £4.45m at year end, both ahead of the range previously indicated.
Outlook
The Group enters FY27 with positive trading momentum and a strengthened cash position. Building on the progress made during FY26, the Board expects sustainable growth in both revenue and profitability in FY27 as the benefits of its disciplined focus on margin and operational efficiency continue to be realised.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.