A positive FY24E update from Marlowe confirms it is trading in line with expectations (£403m revenue, £49m adj. EBITDA), with a better-than-expected year-end net debt position (£177m vs £180m forecast) owing to strong cash generation and working capital improvements. Marlowe also announces that it has now received all necessary regulatory approvals for its disposal of certain Governance, Risk and Compliance (GRC) assets to Inflexion Private Equity, with the transaction expected to complete on 31 ....
22 May 2024
Marlowe - FY24E in line with expectations; GRC disposal update
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Marlowe - FY24E in line with expectations; GRC disposal update
Marlowe Plc (MRL:LON) | 443 0 0.0% | Mkt Cap: 392.1m
- Published:
22 May 2024 -
Author:
Peter Renton -
Pages:
6
A positive FY24E update from Marlowe confirms it is trading in line with expectations (£403m revenue, £49m adj. EBITDA), with a better-than-expected year-end net debt position (£177m vs £180m forecast) owing to strong cash generation and working capital improvements. Marlowe also announces that it has now received all necessary regulatory approvals for its disposal of certain Governance, Risk and Compliance (GRC) assets to Inflexion Private Equity, with the transaction expected to complete on 31 ....