Eleco plc Exceeds 2024 Market Expectations with Strategic Growth

Eleco ( (GB:ELCO) ) just unveiled an announcement.

Eleco plc reported strong financial results for 2024, surpassing market expectations in revenue, profitability, and cash generation. The company’s total revenue increased by 16% to £32.4m, with recurring revenues making up 77% of the total. Eleco’s strategic acquisitions, such as Vertical Digital and PEMAC, have enhanced its technical capabilities and expanded its asset management offerings. The company also achieved significant growth in adjusted EBITDA and profits, while maintaining a debt-free status with a cash position of £14.0m. Eleco’s continued focus on innovation and strategic growth positions it well for future expansion, despite current geopolitical and macroeconomic challenges.

More about Eleco

Eleco plc is an AIM-listed specialist international provider of software and related services to the built environment. The company operates through brands such as Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, with centers in the UK, Ireland, Sweden, Germany, the Netherlands, Romania, Australia, and the USA. Eleco’s software solutions are utilized throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.

YTD Price Performance: -19.32%

Average Trading Volume: 39,803

Technical Sentiment Signal: Hold

Current Market Cap: £99.31M

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