Source - Alliance News

Public Policy Holding Co Inc on Monday said it expects double-digit yearly revenue growth, helped by acquisitions.

The Washington-based government and public relations firm said it expects revenue growth of between 20% to 30% from $108.8 million in 2022, factoring in the additional contributions from KP Public Affairs and Multistate Associates.

The company forecasts organic growth of around 5% and 10% in 2023.

The underlying earnings before interest, tax, depreciation and amortisation margin is predicted to land between 25% and 30%, compared to 28.7% in 2022.

Public Policy noted that it expects the margin for the first half of 2023 to fall below 25%, before picking up speed in the second half.

The company added that it has seen a ‘marked acceleration’ in its pipeline of mergers and acquisitions opportunities.

Shares in Public Policy were untraded at 132.00 pence each in London on Monday afternoon.

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