The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Smiths News PLC - Swindon, England-based newspaper and magazine distributor - pretax profit climbs to £17.7 million in the 26 weeks to March 1 from £15.9 million a year prior on flat revenue of £536.4 million, down slightly from £539.8 million. Half-year dividend is 1.75p, unchanged on-year. Says the good start to financial 2025 is underpinned by the news and magazines business, with trading in line with market expectations. Delivers £3.0 million of cost savings in the half-year, a touch lower than £3.1 million a year ago. Notes major contract renewals now secured, with 91% of existing publishers revenue to at least 2029, underpinning both short and medium-term revenues and the expansion of its early morning supply chain activities. Says trading for FY is in line with market expectations.
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Kitwave Group PLC - North Shields, England-based food wholesaler - announces a pre-close trading update for the six-month period ended April 30. Reports trading overall is in line with its expectations despite an environment where the group experienced weaker demand in hospitality-related revenue, which impacted the Foodservice division’s performance in the early months of the period. Trading in the Foodservice division did then improve towards the end of the period. The revenue performance of the Retail & Wholesale division was robust, with positive like-for-like trading. Says the group is on track to meet its full year expectations and the integration of Creed is progressing well.
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Redcentric PLC - Harrogate, North Yorkshire-based IT managed services provider - Issues pre-close trading update for year to March 31. Says full-year revenue rose 4.2% to £170.0 million from £163.1 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation improves 31% to £37.0 million from £28.3 million. ‘These results highlight the ongoing benefits of the company’s acquisition strategy and the positive impact of enhanced operational efficiencies,’ Redcentric says. In addition, names Michelle Senecal De Fonseca as chief executive with immediate effect. Michelle has been a non-executive director of the company since February 2024 and is an experienced executive in the technology industry having previously served as managing director for Vodafone’s Cloud and Hosting Services business.
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B90 Holdings PLC - Isle of Man-based company in the online gambling industry - pretax loss narrows to €1.7 million in 2024 from €5.5 million a year prior as revenue edges up to €3.5 million from €3.0 million. Revenue growth is driven by improved monetisation of affiliate marketing partnerships and expansion of key brands. B90 highlights 32% drop in administrative expenses year-on-year. ‘This has been a transformational year for B90, with the group achieving key operational milestones and establishing a solid foundation for sustainable growth,’ company says.
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Tasty PLC - London-based casual dining restaurant operator - swings to pretax profit of £16.0 million in the 52 weeks to December 29 from £14.5 million loss the year prior despite revenue dropping to £36.6 million from £46.9 million. Sales drop is driven by the closure of 16 trading units initiated in April 2024. ‘The board is confident that it is now in a stable financial position,’ it says. No dividend declared, unchanged.
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Gulf Marine Services PLC - provider of self-propelled and self-elevating support vessels for offshore energy - says first-quarter revenue has risen 14% to $42.3 million from $37.1 million. Its adjusted Ebitda shoots up 21% to $25.6 million from $21.2 million. ‘Adjusted Ebitda guidance for 2025 remains in the range of $100-108 million. As for 2026, and while we are still closely monitoring the global economic news, we are targeting an Ebitda in the range of $105-115 million,’ Gulf Marine says.
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Accsys Technologies PLC - London-based wood building products manufacturer - expects to deliver results for the year to March 31 in line with previously upgraded market consensus. Accsys considers market consensus for full-year adjusted Ebitda to be €10.5 million. Expects full-year revenue of €136.6 million, little changed from €136.2 million a year prior. Continues to monitor developments with regards to US tariffs. Notes currently, tariff exemptions are in place for lumber imports into the US and the company’s US manufacturing plant enables Accsys to serve US customers with locally manufactured product.
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Various Eateries PLC - London-based operator of restaurant, clubhouse and hotel sites under the Coppa Club and Noci brands - Says trading in the 26 weeks to March 30 is in line with market expectations for the full year. Sales in the 26 weeks reach £24.7 million up 8.8% from £22.7 million a year prior. Growth was driven primarily by the contribution of new site openings. Like-for-like sales were flat year-on-year, primarily reflecting the impact of Easter falling later this year and after period end. ‘The board is encouraged by the group’s trading momentum and improved profitability as it prepares to enter the important summer trading months. Supported by a robust balance sheet and strengthened operational platform, the group will continue to evaluate expansion opportunities while maintaining its disciplined approach to site selection.’
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Synectics PLC - Sheffield, England-based provider of advanced security and surveillance systems solutions - Says trading to date in the year ending November 30 is in line with the board’s expectations and the outlook for the full year remains consistent with previous market guidance. Recent wins across all key sectors continue to support the Company’s solid order book and encouraging sales traction, company says.
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Hercules Site Services PLC - Cirencester, England-based labour supplier for the UK infrastructure and construction sectors - Says trading is in line with market expectations in the six months to March 31 with revenue expected to be more than £54 million. Revenue growth is underpinned by continuing momentum at key infrastructure sites in the UK, and boosted by government commitments to the sector, reinforcing the company’s strategy to focus on its Labour Supply business.
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Zambeef Products PLC - Lusaka, Zambia-based cold food chain products producer and agribusiness - expects full year 2025 revenue and gross profit to be around 10% and 3% below current market expectations respectively. This is due to both a weaker Zambian Kwacha and softer volume performance, driven by reduced consumer spending. As a result, reported pretax profit is anticipated to be around 20% below current market expectations, reflecting revenue reduction and higher-than-expected financing costs. Despite this reduction against expectations, reported pretax profit for the full year is still expected to be ahead of the prior year.
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Airea PLC - West Yorkshire-based flooring company - reports an encouraging start to the year with revenue for the four months to April 30 ahead of the prior year by 2.6%. Demand is strong for its carbon-neutral and low-carbon ranges, supported by the successful launches of products rocklines and threads in the first quarter. ‘The board is confident of making further progress in 2025, and we look forward to updating shareholders in due course.’
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