Shearwater Group plc provides earnings guidance for the year 2024. For the period, the company expected revenue to be c.£22.5m (FY23: £26.7m), with Adjusted EBITDA1 returning to profit compared to the prior year at just under £1m (FY23: £(0.2)m). Whilst this unaudited financial performance was below market expectations2 the Group continues to maintain a healthy balance sheet with year end cash at £5m, in line with market expectations, £1m ahead of the prior year and £3m higher than the cash position at the half year, reflecting the expected cash generation in the second half.
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5-day change | 1st Jan Change | ||
44 GBX | 0.00% | 0.00% | -4.35% |
Apr. 03 | Shearwater shares fall as misses annual market expectations | AN |
Apr. 03 | Shearwater Group plc Provides Earnings Guidance for the Year 2024 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.35% | 13.18M | |
-11.47% | 192B | |
+4.89% | 170B | |
+2.95% | 155B | |
+5.22% | 99.35B | |
+9.68% | 78.92B | |
+22.42% | 76.87B | |
-6.61% | 70.91B | |
-20.06% | 54.66B | |
-9.22% | 44.07B |
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