RTC Group
RTC · AIM · Industrial Goods and Services · mcap £12m · 95.0p 2 open situations →
- EV
- £7.8m
- EV / EBIT
- 3.7x
- Net cash
- £3.8m
- FCF yield
- 18.6%
- Revenue
- £92.5m
- Cash returned
- 14.6%
- Share price 1y
- +0%
- Insiders 12m
- no deals
- Next report
- around 22 Mar
Timeline · every situation
dots = announcementsOpen · 2
Upgrade / downgrade cycle
Ganymede rail and energy contracts
H1 margin and demand pressure confirmed
Ganymede won or extended Network Rail, OVO, Amey, Southern Renewals Enterprise and E.ON contracts in Feb–Mar 2026, all frameworks with no guaranteed revenue. H1 results confirm fuel costs and smart metering transition hit margins and Energy revenue; rail ahead of last year, CP7 enhancement slow. E.ON's proposed OVO acquisition adds uncertainty; guidance resumption deferred.
- Smart metering
- New installation demand softer short-term after targets extended to 2028; meter health work expected to grow medium-term
- Contract wins
- Six significant wins and extensions in H1, four in rail and infrastructure
- Rail
- Ahead of H1 2025; margins hit by fuel and National Living Wage; CP7 enhancement slower than expected
- Energy
- Revenue below last year; smart metering installs moderating; E.ON/OVO deal adds short-term uncertainty
- Fuel costs
- Elevated costs could persist around eight months beyond resolution of the conflict
- Guidance
- Formal market guidance resumption deferred
Next: Guidance resumption once clarity on cost and market factors
- 27 Jul 2026 H1 margin and demand pressure confirmed
- 27 May 2026 Contracts won; Q2 margin and demand pressure
- 30 Mar 2026 Network Rail, OVO and Amey contracts won or extended
- 23 Mar 2026 Order book described as strong and growing
Activist campaign
An activist campaign
campaign
An activist is pressing RTC Group and wants: board seat(s).
- 7 Apr 2026 campaign
Company filings. Not investment advice.