Marlowe delivered a strong performance during FY20A, with +7% organic revenue growth, and improved Adj EBITDA margins. Integration of acquisitions is progressing well, and with receipt of c£40m gross proceeds, Marlowe is well placed to accelerate the consolidation of its markets. We leave our forecasts unchanged and reaffirm our Buy rating.
08 Jul 2020
Cenkos: Marlowe Plc -- Accelerating organic revenue growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Marlowe Plc -- Accelerating organic revenue growth
Marlowe Plc (MRL:LON) | 512 -20.5 (-0.8%) | Mkt Cap: 495.7m
- Published:
08 Jul 2020 -
Author:
Peter Renton -
Pages:
6
Marlowe delivered a strong performance during FY20A, with +7% organic revenue growth, and improved Adj EBITDA margins. Integration of acquisitions is progressing well, and with receipt of c£40m gross proceeds, Marlowe is well placed to accelerate the consolidation of its markets. We leave our forecasts unchanged and reaffirm our Buy rating.