Ricardo (GB:RCDO) has released an update.
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Ricardo PLC reported a solid financial performance for FY 2023/24, with revenues up by 7% and a strong recovery in the second half leading to a profitable year. Despite a slight decrease in order intake, the company’s focus on working capital management resulted in an impressive 119% underlying cash conversion and a reduction in net debt. With a robust order book and positive projections, Ricardo looks to continue this growth trajectory in the upcoming year.
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