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. ....
19 Feb 2021
Cenkos: Marlowe Plc -- Growth compounding set to continue
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Cenkos: Marlowe Plc -- Growth compounding set to continue
Marlowe Plc (MRL:LON) | 505 5.1 0.2% | Mkt Cap: 488.9m
- Published:
19 Feb 2021 -
Author:
Peter Renton -
Pages:
9
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. ....