FRP delivered a strong FY22A, with 11% organic revenue growth and Adj EBITDA up 12% YoY to £25.7m (ahead of our £24.0m pre-upgraded forecast). Against the backdrop of UK administrations falling 22% YoY, as Government support measures offered a temporary lifeline to many businesses, this represents a particularly impressive performance, and demonstrates FRP's ability to grow throughout economic cycles. Trading for FY23E remains in line with expectations, and we leave our forecasts substantially u ....
22 Jul 2022
Cenkos: FRP Advisory Group Plc -- Organic revenue growth of 11%
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Cenkos: FRP Advisory Group Plc -- Organic revenue growth of 11%
FRP Advisory Group Plc (FRP:LON) | 122 1.8 1.2% | Mkt Cap: 306.7m
- Published:
22 Jul 2022 -
Author:
Peter Renton -
Pages:
8
FRP delivered a strong FY22A, with 11% organic revenue growth and Adj EBITDA up 12% YoY to £25.7m (ahead of our £24.0m pre-upgraded forecast). Against the backdrop of UK administrations falling 22% YoY, as Government support measures offered a temporary lifeline to many businesses, this represents a particularly impressive performance, and demonstrates FRP's ability to grow throughout economic cycles. Trading for FY23E remains in line with expectations, and we leave our forecasts substantially u ....