Gateley reported another strong set of results, again beating market expectations, underlining its consistency and predictable performance. A broad-based, legal and professional services group, Gateley is a leader in serving the UK mid-market. It continues to deliver on its pre-IPO plan, growing revenue, profit, breadth of service offering and geographical footprint since flotation. Strong cash generation and organic revenue growth were highlights, with 10.7% of revenues coming from acquisitions. Gateley made two strategic acquisitions this year, for shares and cash, which enhances its long-term excellent organic growth performance. A recent strategic placing improved liquidity and further expanded its institutional shareholder list.
30 Jul 2019
Excellent full-year results
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
Excellent full-year results
Gateley (Holdings) Plc (GTLY:LON) | 120 0 0.0% | Mkt Cap: 158.6m
- Published:
30 Jul 2019 -
Author:
Steve Clapham -
Pages:
7
Gateley reported another strong set of results, again beating market expectations, underlining its consistency and predictable performance. A broad-based, legal and professional services group, Gateley is a leader in serving the UK mid-market. It continues to deliver on its pre-IPO plan, growing revenue, profit, breadth of service offering and geographical footprint since flotation. Strong cash generation and organic revenue growth were highlights, with 10.7% of revenues coming from acquisitions. Gateley made two strategic acquisitions this year, for shares and cash, which enhances its long-term excellent organic growth performance. A recent strategic placing improved liquidity and further expanded its institutional shareholder list.