FY23 adjusted profits came in slightly above our expectations with results in both divisions reflecting the investments made in the period and in previous years. Despite the continued investment in operations, net debt was reduced from £13.3m to £9.7m and is expected to have fallen to c.£1.3m by end FY25. The year has started well with a subdued market in personal injury offset by a strong start in Critical Care. Consequently, management expects to meet market expectations for the full year.
02 May 2024
Allenby Capital - NAHL Group plc: Finals - Profit and cash to accelerate strongly in FY24 and FY25
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Allenby Capital - NAHL Group plc: Finals - Profit and cash to accelerate strongly in FY24 and FY25
NAHL Group Plc (NAH:LON) | 73.8 0 0.0% | Mkt Cap: 34.6m
- Published:
02 May 2024 -
Author:
Ian Jermin -
Pages:
15
FY23 adjusted profits came in slightly above our expectations with results in both divisions reflecting the investments made in the period and in previous years. Despite the continued investment in operations, net debt was reduced from £13.3m to £9.7m and is expected to have fallen to c.£1.3m by end FY25. The year has started well with a subdued market in personal injury offset by a strong start in Critical Care. Consequently, management expects to meet market expectations for the full year.