Marlowe plc announced its FY18A results, which outperformed our expectations. Through building a platform on which to add bolt-on acquisitions, the group delivered 72% YoY revenue growth. Management continues to execute on the strategy of organic and acquisitive growth, cross-selling and operational efficiencies through scale and utilisation. We upgrade our FY19 forecasts, release new FY20 estimates, and reiterate our Buy recommendation for this critical-maintenance service company, which has bu ....
26 Jun 2018
Cenkos: Marlowe Plc - Outperforming Expectations
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Cenkos: Marlowe Plc - Outperforming Expectations
Marlowe Plc (MRL:LON) | 512 -20.5 (-0.8%) | Mkt Cap: 495.7m
- Published:
26 Jun 2018 -
Author:
Cavendish Research -
Pages:
6
Marlowe plc announced its FY18A results, which outperformed our expectations. Through building a platform on which to add bolt-on acquisitions, the group delivered 72% YoY revenue growth. Management continues to execute on the strategy of organic and acquisitive growth, cross-selling and operational efficiencies through scale and utilisation. We upgrade our FY19 forecasts, release new FY20 estimates, and reiterate our Buy recommendation for this critical-maintenance service company, which has bu ....