REACT Group plc ( (GB:REAT) ) has provided an announcement.
REACT Group plc reported a successful financial year ending September 30, 2024, with a 6% increase in revenue to £20.7 million and a 9% rise in gross profit to £5.7 million. The company achieved sustained organic growth through customer retention, cross-selling, and operational efficiency, while also securing new contracts and enhancing its service range with the acquisition of 24hr Aquaflow. Despite macroeconomic challenges, REACT remains well-positioned to capitalize on opportunities, focusing on integrating its businesses, enhancing cross-selling, and driving cost efficiencies. The acquisition of 24hr Aquaflow is expected to contribute significantly to future profits, aligning with the company’s strategy of earnings-enhancing acquisitions.
More about REACT Group plc
REACT Group plc is a leading support services provider in the UK, specializing in facility management. It operates through four divisions, including LaddersFree, Fidelis Contract Services, the REACT business, and the recently acquired 24hr Aquaflow Services Ltd. The company focuses on providing emergency and specialist cleaning services, commercial window cleaning, soft facilities maintenance, and commercial drainage and plumbing services, particularly in the south east of England.
YTD Price Performance: 2.38%
Average Trading Volume: 54,773
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £19.97M
For an in-depth examination of REAT stock, go to TipRanks’ Stock Analysis page.