SigmaRoc has confirmed that trading remains on course to meet FY24 expectations for consensus EBITDA of £221.0m (Zeus estimate £220.5m), despite some end markets remaining weak, with Q3 seeing an improved revenue trend. On a pro-forma basis, volumes declined 3% with revenue decreasing 4%. Despite this, EBITDA increased 2% as the margin increased to 22.6%, this is up 40bps from the 22.2% reported HY24. The leverage guidance is maintained at less than 2.3x, in line with Zeus’ net debt estimate tha ....
