Interims results from Croma this morning illustrate a solid period of trading, with 8% revenue growth driven both by organic and acquisition-led expansion, leading to 26% growth at the PBT level YoY. Following the company’s divestment of Vigilant in 2023, proceeds of ca. £4m received to date contributed to a strong net cash position of £4.2m at the period end, with £2.5m of deferred payments remaining due, supporting the company’s ongoing retail locksmiths rollup strategy. On this score, we view ....
