Amcomri has reported FY24 results with revenue growth of 23.4% and adj. EBITDA growth of 33.3%, in line with our forecast. The company states that it has made a good start to FY25. We make no change to our FY25 forecasts, which we upgraded at the time of the acquisition of EMC Elite Engineering Services announced on 1 April 2025. In light of the strong progress and our recent earnings upgrade, we are revisiting our valuation model and increasing our TP from 89p to 95.1p, which represents 56% ups ....
