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The latest announcement is out from Restore ( (GB:RST) ).
Restore PLC reported its full-year 2024 results, showing a slight decline in revenue to £275.3 million, but a notable increase in adjusted operating profit by 10% to £48.8 million. The company has made significant progress in improving its operating margin and cash generation, with strategic initiatives such as the integration of Digital and Records Management and a property consolidation program. The acquisition of Synertec is expected to enhance growth potential, particularly in the public sector document management space. Despite challenges in the relocations market and weak operational delivery in its former Digital business, Restore has maintained a strong financial position and is poised for both organic and inorganic growth.
More about Restore
Restore PLC is a leading provider in the UK of secure and sustainable business services, focusing on data, information, communications, and asset management. The company is known for its strong market presence in information management and has a significant focus on recurring storage income.
YTD Price Performance: -11.83%
Average Trading Volume: 382,227
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £297.1M
For detailed information about RST stock, go to TipRanks’ Stock Analysis page.