3i Group plc (GB:III) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
3i Group PLC reports robust performance amid a tough economic climate, with strong sales and EBITDA growth in its subsidiary Action, and positive trends across the Private Equity and Infrastructure portfolios. The company highlights the success of Action with a 21% increase in year-to-date sales, and a projected 23% rise in operating EBITDA. The broader portfolio sees improvements, particularly in healthcare, software, IT, and consumer discretionary sectors, although recruitment outsourcing with WilsonHCG has not experienced a significant upturn.
For further insights into GB:III stock, check out TipRanks’ Stock Analysis page.