Yesterday Microlise warned of softer market conditions and project delays causing expected revenue and adjusted EBITDA for FY25 to be below market consensus. Zeus forecasts are reduced across all three years for revenue, profitability and net cash level, with a recovery in end markets now pushed further into the future. Management is responding by cutting costs where possible, including a c. 10% reduction in headcount expected to generate at least £4.0m in annualised cost savings. These cost sav ....
