Made Tech has released an update covering 1HNov23, which shows good EBITDA progress: this increasing from £0.5m to £1.4m (~7% margin), driven by better utilisation and lower contractor numbers both benefitting GM%. In addition, MTEC also achieved targeted opex costs savings. This progress was notwithstanding a lower top-line, where sales fell from £20.6m to £19.1m, due to (well flagged) more cautionary customer spending. This theme is also reflected by H1 bookings - down sharply - from £32.6m to ....
