Eleco plc Surpasses 2024 Market Expectations with Robust Growth and Strategic Acquisitions

Eleco ( (GB:ELCO) ) has issued an update.

Eleco plc reported a strong financial performance for 2024, surpassing market forecasts. The company’s revenue increased by 16% to £32.4m, with significant contributions from organic growth and acquisitions. Recurring revenue and cash reserves also saw notable growth, enhancing Eleco’s financial stability. Strategic acquisitions of Vertical Digital and PEMAC have bolstered Eleco’s technical capabilities and asset management operations, positioning it as a trusted partner in the industry. The company remains debt-free and is recognized as a Great Place to Work, highlighting its commitment to a talented and diverse workforce.

More about Eleco

Eleco plc is an AIM-listed international provider of software and related services tailored for the built environment. The company operates through brands including Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, offering solutions used throughout the building lifecycle, from planning and design to construction and management, supporting a range of functions such as project management, visualisation, and property management.

YTD Price Performance: -3.73%

Average Trading Volume: 40,586

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £119.1M

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