Marks Electrical Group Plc (GB:MRK) has released an update.
Marks Electrical Group Plc reported a 9.3% increase in revenue to £58.8 million for the first half of 2024, driven by strong growth in major domestic appliances and consumer electronics. Despite challenges from transitioning to a new ERP system and exiting the Euronics buying group, the company maintained its profitability and cash generation, focusing on long-term growth. The company aims to return to a premium product focus to improve profit margins, acknowledging potential impacts on revenue speed.
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