The good start to the year continued into June and July, and Marks Electrical has enjoyed impressive sales growth of 30.7% over the first four months of FY24 as it continued to gain market share in the MDA and consumer electronics markets. Sales growth to date is significantly ahead of our FY24 sales forecast of +17.5% but our forecasts are H2-weighted, and the comparator will become tougher as the year progresses (last year’s AGM statement reported revenue growth of 13.7% before Marks went on t ....

10 Aug 2023
Marks Electrical Group - AGM trading update: fast start to the year

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Marks Electrical Group - AGM trading update: fast start to the year
Marks Electrical Group Plc (MRK:LON) | 51.0 0 0.0% | Mkt Cap: 53.5m
- Published:
10 Aug 2023 -
Author:
Michael Clifton | Cavendish Research -
Pages:
4 -
The good start to the year continued into June and July, and Marks Electrical has enjoyed impressive sales growth of 30.7% over the first four months of FY24 as it continued to gain market share in the MDA and consumer electronics markets. Sales growth to date is significantly ahead of our FY24 sales forecast of +17.5% but our forecasts are H2-weighted, and the comparator will become tougher as the year progresses (last year’s AGM statement reported revenue growth of 13.7% before Marks went on t ....