Petards’ full year trading update to 31 December reflected a solid performance from the group following recent challenges, with cautious optimism over an improvement in trading over FY26E. Results for FY25E are expected to be in line with Zeus forecasts at the EBITDA level, showing improvement across the board over FY24A. Revenue growth and margin improvement were supported by the prior year Affini acquisition and better trading in both the Rail and Defence businesses. Looking forward, we expect ....
