CPP Group Reports 2024 Results, Highlights Strategic Transformation

The latest update is out from CPP Group plc ( (GB:CPP) ).

CPP Group has announced its full-year results for 2024, highlighting a strategic transformation with a focus on its core businesses: Blink Parametric, CPP India, and CPP Turkey. The company reported a decrease in group revenue to £156.4 million and a slight increase in EBITDA to £1.4 million. Despite currency challenges, CPP India and CPP Turkey performed well, contributing positively to the group’s results. Blink Parametric showed significant growth, adding 11 new clients and increasing its annual recurring revenue by 62%. The company completed its Change Management Programme, exited non-core businesses, and divested assets, positioning itself for future growth led by Blink. The strategic focus aims to enhance offerings, strengthen partnerships, and streamline operations, with an emphasis on long-term shareholder value.

More about CPP Group plc

CPP Group is a technology-driven assistance company that provides real-time, digitally delivered assistance products and resolution services aimed at reducing disruptions in everyday life. The company operates globally and is listed on AIM, part of the London Stock Exchange.

YTD Price Performance: -22.52%

Average Trading Volume: 5,084

Technical Sentiment Signal: Buy

Current Market Cap: £8.02M

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