Marlowe used its recent Capital Markets Day to map out a path to more than doubling the group's revenue over the next three years to £500m, and expanding its Adj EBITDA margins from c15% to c20%. Trading for FY21E was confirmed to be at the upper end of consensus forecasts. Durable structural growth drivers are supporting underlying market growth of c3-4% per annum, with Marlowe expecting to outperform this organically by several percentage points, aided by its superior ‘one-stop shop' solution. ....
