Shearwater Group plc provides earnings guidance for the year 2024. For the period, the company expected revenue to be c.£22.5m (FY23: £26.7m), with Adjusted EBITDA1 returning to profit compared to the prior year at just under £1m (FY23: £(0.2)m). Whilst this unaudited financial performance was below market expectations2 the Group continues to maintain a healthy balance sheet with year end cash at £5m, in line with market expectations, £1m ahead of the prior year and £3m higher than the cash position at the half year, reflecting the expected cash generation in the second half.
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5-day change | 1st Jan Change | ||
44 GBX | 0.00% | 0.00% | -4.35% |
03/04 | Shearwater shares fall as misses annual market expectations | AN |
03/04 | Shearwater Group plc Provides Earnings Guidance for the Year 2024 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.35% | 13.1M | |
-12.62% | 196B | |
+4.40% | 172B | |
+1.66% | 156B | |
+5.23% | 99.43B | |
+10.96% | 80.17B | |
+24.53% | 75.89B | |
-6.70% | 70.99B | |
-21.67% | 52.69B | |
-9.96% | 42.62B |
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