|
Amcomri Group PLC on Tuesday reported double-digit growth in profit during the first half of 2025, and remains optimistic for further growth during the rest of the year following its acquisition of Electronix Services. The London-based specialist engineering services and industrial manufacturing group said pretax profit for the six months that ended June 30 was £2.1 million, rising 11% from £1.9 million the year before. Revenue grew 17% to £31.8 million from £27.3 million, which was particularly boosted by a 19% climb in revenue within the group’s business-to-business manufacturing division to £17.3 million from £14.5 million. Adjusted earnings before interest, tax, depreciation and amortisation improved 15% to £4.3 million from £3.8 million. ‘We are delighted with the momentum built during the period. Our proven ’buy, improve, build’ strategy continued to deliver across evolving market conditions, highlighting the benefits of the resilience we deliberately built into our model and our broad sector reach,’ said Co-Founder & Chief Executive Officer Hugh Whitcomb. ‘We have had an active start to H2, with the acquisition of Electronix Services, and remain excited by the further opportunities to grow both acquisitively and organically. The combination of strong forward looking order books and the momentum built to date underpin our confidence in future prospects.’ In August, Amcomri completed the acquisition of Randor Technologies Ltd, a Dublin-based provider of industrial electronic repair and reverse engineering service, also known as Electronix Services. Amcomri paid an initial consideration of €2.0 million, with a further €1.5 million deferred consideration to be paid in equal instalments 12 and 24 months after the deal completes, dependent on reaching targeted levels of profitability. Shares in Amcomri were down 0.7% at 102.78 in London on Tuesday afternoon. The stock has risen 79% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
