Ricardo reported solid FY22a earnings last week and progressed its strategy to focus on more renewables and new mobility projects. Profitability has recovered post Covid, and the balance sheet has been strengthened with disposal of the non-core Software unit. The orderbook is at its highest level ever (£344m) and well balanced between industry verticals. M&A is back on-track with the recent purchase of Inside Infrastructure. That said, adjusted operating margins, at 7.8%, are still a long way fr ....
22 Sep 2022
Ricardo (RCDO LN) - Better focused, better value
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Ricardo (RCDO LN) - Better focused, better value
Ricardo plc (RCDO:LON) | 460 13.8 0.7% | Mkt Cap: 286.5m
- Published:
22 Sep 2022 -
Author:
Robin Byde -
Pages:
11
Ricardo reported solid FY22a earnings last week and progressed its strategy to focus on more renewables and new mobility projects. Profitability has recovered post Covid, and the balance sheet has been strengthened with disposal of the non-core Software unit. The orderbook is at its highest level ever (£344m) and well balanced between industry verticals. M&A is back on-track with the recent purchase of Inside Infrastructure. That said, adjusted operating margins, at 7.8%, are still a long way fr ....