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An announcement from Tribal Group plc ( (GB:TRB) ) is now available.
Tribal Group plc reported strong financial performance for the fiscal year ending December 31, 2024, surpassing market expectations with increased revenue and adjusted EBITDA. The company’s strategic focus on its core business, particularly its cloud offerings, led to a significant improvement in net debt levels and annual recurring revenue. Despite a slow pace in new customer acquisition, Tribal remains optimistic about future growth with a robust pipeline, effective cloud strategy, and continued focus on cost control and operational efficiency. The company expects the positive momentum to offset challenges such as the decline in non-core business and increased national insurance costs.
More about Tribal Group plc
Tribal Group plc is a pioneering world-leader in education software and services, offering a portfolio that includes Student Information Systems, education services like quality assurance and peer review, and global benchmarks for student experience through surveys. The company collaborates with higher education, further and tertiary education, schools, government and state bodies, training providers, and employers in over 55 countries, aiming to empower education with products and services that support student success.
YTD Price Performance: -16.16%
Average Trading Volume: 520,244
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £85.84M
See more data about TRB stock on TipRanks’ Stock Analysis page.
