Made Tech has announced that it now expects FY23 revenue and EBITDA to be lower than previously expected, at c.£40m (vs. £43mE) on sales and "at least £1.5m" (vs. £3.9mE) on EBITDA. As despite a strong Q3 (and March), several of the Group's clients have since delayed the start date of projects into FY24 in response to tightening budgets, thus impacting revenue and profitability in these closing months. So for factors outside of MTEC's control, this year’s trading will be materially impacted and ....

02 May 2023
FY23 Trading Update

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FY23 Trading Update
Made Tech Group PLC (MTEC:LON) | 10.8 0 (-1.1%) | Mkt Cap: 16.0m
- Published:
02 May 2023 -
Author:
Harold Evans -
Pages:
3 -
Made Tech has announced that it now expects FY23 revenue and EBITDA to be lower than previously expected, at c.£40m (vs. £43mE) on sales and "at least £1.5m" (vs. £3.9mE) on EBITDA. As despite a strong Q3 (and March), several of the Group's clients have since delayed the start date of projects into FY24 in response to tightening budgets, thus impacting revenue and profitability in these closing months. So for factors outside of MTEC's control, this year’s trading will be materially impacted and ....