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Mitie Group plc (GB:MTO)
LSE:MTO

Mitie Group plc (MTO) AI Stock Analysis

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Mitie Group plc

(LSE:MTO)

81Outperform
Mitie Group plc demonstrates robust financial health with strong revenue growth and excellent cash generation. While profitability margins could improve, the company's valuation is attractive with a reasonable P/E ratio and a good dividend yield. Technical indicators suggest stability, although the lack of momentum signals warrants a cautious approach. Overall, Mitie's strategic capital management and market position support a favorable outlook.
Positive Factors
Business Performance
Record contract wins and renewals with a total contract value of up to approximately £3.5 billion were secured, demonstrating strong business performance.
Growth
There is an expectation of strong, above-consensus approximately 7% organic revenue growth supported by Mitie's secured revenue pipeline.
Leadership
Mitie have announced the appointment of a new Chair-Elect, Christopher Rogers, who brings significant Board experience across a range of sectors.
Negative Factors
Margin Trends
There is uncertainty regarding margin trends due to the higher rate for employer National Insurance that reduces visibility.

Mitie Group plc (MTO) vs. S&P 500 (SPY)

Mitie Group plc Business Overview & Revenue Model

Company DescriptionMitie Group plc is a leading facilities management and professional services company based in the United Kingdom. The company operates across various sectors, providing services such as cleaning, security, engineering, and catering. Mitie's core focus is on delivering integrated and innovative solutions to improve the performance and efficiency of its clients' facilities.
How the Company Makes MoneyMitie Group plc generates revenue primarily through long-term contracts and partnerships across its diverse service offerings. The company earns money by providing facilities management services including cleaning, security, and maintenance to a wide range of clients in both the public and private sectors. Key revenue streams include outsourced facilities management services, energy management, and technical services. Mitie also benefits from strategic partnerships and collaborations with various organizations to deliver comprehensive and customized solutions, which enhances its market presence and contributes significantly to its earnings.

Mitie Group plc Financial Statement Overview

Summary
Mitie Group plc exhibits strong financial performance with notable revenue growth of 12.68% and a significant improvement in cash generation. The company's moderate leverage and robust return on equity highlight its solid financial position, although there is room for improvement in profitability margins.
Income Statement
85
Very Positive
Mitie Group plc has demonstrated strong revenue growth of 12.68% from 2023 to 2024, marking consistent expansion in its operations. The gross profit margin stands at 11.25%, and the net profit margin is 2.84%, indicating a moderate level of profitability. The EBIT margin is 3.73%, while the EBITDA margin is 5.50%, reflecting efficient management of operating expenses. Overall, the income statement shows robust growth and reasonable profitability metrics, although there is room for improvement in margins.
Balance Sheet
75
Positive
The company's balance sheet reveals a debt-to-equity ratio of 0.71, which indicates moderate leverage. With a return on equity (ROE) of 27.86%, Mitie Group is generating a strong return on its shareholders' equity. The equity ratio of 23.52% suggests a moderate reliance on equity financing. The balance sheet is relatively stable; however, the moderate leverage poses some risk if not managed carefully.
Cash Flow
88
Very Positive
Mitie Group's cash flow statement highlights a remarkable free cash flow growth rate of 157.68% from 2023 to 2024, showcasing significant improvement in cash generation. The operating cash flow to net income ratio is 1.57, indicating strong cash conversion efficiency from net income. The free cash flow to net income ratio is 1.41, further illustrating the company's sound cash flow management. Overall, the cash flow position is strong, supporting both operational needs and potential growth investments.
Breakdown
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
4.79B4.45B3.94B3.90B2.50B2.17B
Gross Profit
531.80M499.90M407.30M422.90M258.50M276.10M
EBIT
172.30M165.70M132.70M132.00M61.70M82.60M
EBITDA
289.10M244.70M205.00M137.50M54.60M107.90M
Net Income Common Stockholders
120.60M126.30M91.10M37.70M-8.10M41.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
244.90M244.90M248.30M345.20M196.20M139.50M
Total Assets
1.93B1.93B1.83B1.82B1.63B1.07B
Total Debt
321.50M321.50M286.00M300.60M278.80M320.70M
Net Debt
76.60M76.60M37.70M-44.60M82.60M181.20M
Total Liabilities
1.45B1.45B1.41B1.40B1.27B988.70M
Stockholders Equity
453.20M453.20M421.70M425.80M357.50M80.50M
Cash FlowFree Cash Flow
187.70M177.80M69.00M198.90M1.90M51.30M
Operating Cash Flow
201.00M197.70M94.20M234.50M23.60M70.70M
Investing Cash Flow
-10.70M-41.70M-35.70M-30.20M-85.30M45.20M
Financing Cash Flow
-211.20M-158.90M-156.40M-55.10M119.00M-79.50M

Mitie Group plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price118.40
Price Trends
50DMA
116.16
Positive
100DMA
113.18
Positive
200DMA
115.42
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
52.76
Neutral
STOCH
62.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTO, the sentiment is Positive. The current price of 118.4 is above the 20-day moving average (MA) of 115.26, above the 50-day MA of 116.16, and above the 200-day MA of 115.42, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 62.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MTO.

Mitie Group plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBMTO
81
Outperform
£1.45B12.5629.68%3.63%15.25%25.57%
74
Outperform
£1.55B11.7421.67%3.62%10.41%11.04%
GBSRP
67
Neutral
£1.61B38.204.71%2.27%-0.68%-78.93%
GBDLG
63
Neutral
£3.46B23.695.97%2.25%26.11%-29.43%
GBRTO
62
Neutral
£8.41B27.507.38%2.71%1.13%-19.48%
62
Neutral
$7.62B13.013.19%3.32%3.77%-14.28%
GBCPI
57
Neutral
£205.88M2.7049.03%-10.33%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:MTO
Mitie Group plc
118.40
3.75
3.27%
GB:DLG
Direct Line Insurance
266.00
78.13
41.59%
GB:SRP
Serco Group plc
159.30
-19.16
-10.74%
GB:RTO
Rentokil Initial
334.90
-103.70
-23.64%
GB:CPI
Capita plc
12.24
-1.94
-13.68%
GB:MGNS
Morgan Sindall
3,305.00
1,127.47
51.78%

Mitie Group plc Corporate Events

Regulatory Filings and Compliance
Mitie Group Directors Acquire Shares, Signaling Confidence
Positive
Apr 2, 2025

Mitie Group plc announced the acquisition of ordinary shares by its directors and persons discharging managerial responsibilities, as part of regulatory compliance with the UK Market Abuse Regulation. This transaction reflects internal confidence in the company’s future prospects and may impact stakeholder perceptions positively.

Regulatory Filings and Compliance
Mitie Group Updates Share Capital and Voting Rights
Neutral
Apr 1, 2025

Mitie Group plc announced its updated share capital and voting rights as of 31 March 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rules. The total number of voting rights stands at 1,257,086,633, which shareholders can use for interest calculations. This update is significant for stakeholders as it provides clarity on the company’s capital structure and ensures transparency in shareholder communications.

Stock BuybackBusiness Operations and Strategy
Mitie Group Completes £100m Share Buyback Programme
Positive
Apr 1, 2025

Mitie Group plc has completed its £100m share buyback programme, initially announced at £50m and later doubled. The programme involved purchasing 89 million shares, with 79 million shares cancelled, representing about 6% of the company’s issued share capital. This move is part of Mitie’s proactive capital deployment strategy, and further details on future buyback plans will be provided in the upcoming FY25 Trading Update. The completion of this programme reflects Mitie’s commitment to strategic capital management and may influence its market positioning and stakeholder confidence.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Apr 1, 2025

Mitie Group plc announced the purchase of 414,778 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to manage its share capital and enhance shareholder returns, reflecting its strong financial position and commitment to delivering value to its stakeholders.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 31, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares, reducing the total number of shares in circulation. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership, as outlined in its new Facilities Transformation Three-Year Plan, which aims to deliver accelerated growth and improved shareholder value.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback as Part of Growth Strategy
Positive
Mar 28, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with the shares intended for cancellation. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position, as outlined in its new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 27, 2025

Mitie Group plc announced the purchase of 500,000 of its own shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership in facilities management, aligning with its new three-year growth plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 26, 2025

Mitie Group plc announced the purchase of 550,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This transaction is part of Mitie’s strategy to enhance shareholder returns and strengthen its market leadership position, following a successful three-year plan that delivered an 80% total shareholder return.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 25, 2025

Mitie Group plc announced the purchase of 500,000 of its own shares as part of its Share Buyback Programme, with plans to cancel the shares, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in the facilities management industry.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 24, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and solidify its market leadership position, aligning with its new Facilities Transformation Three-Year Plan aimed at accelerated growth and improved shareholder value.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 21, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and strengthen its market position, aligning with its new Facilities Transformation Three-Year Plan aimed at accelerating growth and maintaining market leadership.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Enhance Shareholder Value
Positive
Mar 20, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This transaction, executed through Stifel Nicolaus Europe Limited, reflects Mitie’s strategy to enhance shareholder value and maintain its market leadership position. The buyback is part of Mitie’s broader Facilities Transformation Plan, which aims to deliver accelerated growth and improved shareholder returns.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Boost Shareholder Value
Positive
Mar 19, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme. The shares will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in the facilities management industry.

Executive/Board ChangesBusiness Operations and Strategy
Mitie Group Announces New Chair-Elect to Lead Next Phase of Growth
Positive
Mar 19, 2025

Mitie Group plc has announced the appointment of Christopher Rogers as the new Chair-Elect, succeeding Derek Mapp at the AGM in July 2025. Rogers, who brings extensive board experience from various sectors, is expected to build on the market leadership established during Mapp’s tenure. This leadership change is seen as a strategic move to further develop Mitie’s business and deliver value to stakeholders, aligning with the company’s ongoing Facilities Transformation Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 18, 2025

Mitie Group plc announced the purchase of 500,000 of its own shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership, supported by its new Facilities Transformation Three-Year Plan.

Business Operations and Strategy
Mitie Group Aligns CEO Interests with Shareholders
Positive
Mar 17, 2025

Mitie Group plc announced that the Trustees of its Share Incentive Plan have purchased ordinary shares on behalf of Phil Bentley, the CEO. This transaction reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting stakeholder confidence positively.

Stock BuybackBusiness Operations and Strategy
Mitie Group Advances Share Buyback Programme to Boost Market Position
Positive
Mar 17, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and solidify its market leadership position, aligning with its new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 14, 2025

Mitie Group plc announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership, aligning with its new Facilities Transformation Three-Year Plan aimed at accelerated growth and improved shareholder value.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 13, 2025

Mitie Group plc has announced the purchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and strengthen its market leadership position. Following the cancellation, Mitie will have over 1.26 billion ordinary shares in issue, which reflects the total number of voting rights. The announcement aligns with Mitie’s ongoing efforts to deliver accelerated growth and enhanced shareholder value as outlined in their new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Enhance Shareholder Value
Positive
Mar 12, 2025

Mitie Group plc announced the purchase of 250,000 of its own shares as part of its Share Buyback Programme, with plans to cancel these shares, thereby reducing the total number of shares in circulation. This move is part of Mitie’s strategy to enhance shareholder value, as it continues to maintain its market leadership and focus on growth and sustainability, including targeting net zero emissions by 2025.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 12, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel the purchased shares. This transaction will reduce the number of shares in circulation, potentially enhancing shareholder value. The buyback reflects Mitie’s strategy to strengthen its market position and deliver enhanced shareholder returns as part of its new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 11, 2025

Mitie Group plc has announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme. The shares were bought at a volume-weighted average price of 114.66 GBp and will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and strengthen its market position, aligning with its new Facilities Transformation Three-Year Plan aimed at accelerating growth.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 10, 2025

Mitie Group plc has announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme. The shares were bought at prices ranging from 114.4 GBp to 116.4 GBp and will be canceled, reducing the total number of shares in issue. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in the facilities management industry.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 6, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership, aligning with its new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 5, 2025

Mitie Group plc announced the purchase of 250,000 of its own shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position in facilities transformation, aligning with its new Three-Year Plan to drive accelerated growth.

Business Operations and StrategyRegulatory Filings and Compliance
Mitie Group Updates on Share Capital and Voting Rights
Positive
Mar 3, 2025

Mitie Group plc announced its issued share capital and voting rights as of 28 February 2025, in line with the Disclosure Guidance and Transparency Rules. This update is significant for shareholders as it impacts their calculations for notifying interests in the company. The announcement reflects Mitie’s ongoing commitment to transparency and governance, reinforcing its strong position in the market and its focus on delivering enhanced shareholder returns through its new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Mar 3, 2025

Mitie Group plc announced the purchase of 250,000 of its own shares as part of its Share Buyback Programme, with the intention to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder value and maintain its market leadership position, as outlined in its new Facilities Transformation Three-Year Plan. The cancellation of shares will adjust the total number of voting rights in the company, potentially impacting shareholder dynamics.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Enhance Shareholder Value
Positive
Feb 28, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position, while also reflecting its financial strength and commitment to delivering value to stakeholders.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Enhance Shareholder Value
Positive
Feb 26, 2025

Mitie Group plc announced the purchase of 100,000 of its ordinary shares as part of its Share Buyback Programme. The shares, bought at an average price of 117.4250 GBp, will be canceled, reducing the total number of voting rights. This move is part of Mitie’s strategy to enhance shareholder returns and maintain its market leadership position.

Executive/Board ChangesRegulatory Filings and Compliance
Mitie Group Announces Share Transactions Under Incentive Plan
Neutral
Feb 18, 2025

Phil Bentley, a director at Mitie Group plc, has had 126 partnership shares and 63 matching shares purchased on his behalf under the company’s Share Incentive Plan. This transaction is part of the company’s ongoing adherence to the UK Market Abuse Regulation, reflecting Mitie’s commitment to regulatory compliance and transparent corporate governance.

Stock BuybackBusiness Operations and Strategy
Mitie Announces Share Buyback to Enhance Market Position
Positive
Feb 12, 2025

Mitie Group plc announced a share buyback transaction, purchasing 150,000 of its ordinary shares, with plans to cancel the shares to adjust its share capital. This move is part of its ongoing strategy to enhance shareholder returns and maintain market leadership, aligning with its new Three-Year Plan to drive growth and sustainability. The share buyback is indicative of Mitie’s commitment to shareholder value and strategic financial management.

Stock BuybackBusiness Operations and Strategy
Mitie Group plc Announces Share Buyback and Cancellation
Positive
Feb 11, 2025

Mitie Group plc has announced the purchase of 250,000 of its ordinary shares as part of a share buyback programme, with plans to cancel these shares. This move reflects a strategic step towards enhancing shareholder value and maintaining market leadership in the facilities management sector. The cancellation of shares will adjust the total number of voting rights, indicating a potential impact on the company’s stock market dynamics and shareholder composition.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Feb 10, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme. The shares were bought at an average price of 116.54 pence and are to be canceled, reducing the total number of shares in issue, which could potentially enhance shareholder value. This move is part of Mitie’s strategic plan to extend its market leadership and deliver enhanced shareholder returns through accelerated growth.

Private Placements and FinancingRegulatory Filings and Compliance
Mitie Group’s Share Acquisition Underlines Management’s Confidence
Positive
Feb 7, 2025

Mitie Group plc announced that its Share Incentive Plan Trustees acquired shares on behalf of Phil Bentley, a person discharging managerial responsibility, at a price of £1.164582 per share. This transaction, notified under UK Market Abuse Regulation, indicates ongoing financial engagements and commitments by key management, reflecting confidence in the company’s prospects.

Stock BuybackBusiness Operations and Strategy
Mitie Group Enhances Shareholder Value with Share Buyback
Positive
Feb 7, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares to consolidate its capital structure. This move reflects Mitie’s strategic focus on enhancing shareholder value and maintaining a strong market position, as it continues to execute its new Facilities Transformation Three-Year Plan aimed at accelerating growth and delivering higher returns.

DividendsBusiness Operations and StrategyRegulatory Filings and Compliance
Mitie Group Announces Share Acquisitions by Key Personnel
Positive
Feb 6, 2025

Mitie Group plc announced that it has been notified of the acquisition of its ordinary shares as part of its Dividend Reinvestment Plan (DRIP). The transactions involved Salma Shah acquiring 247 shares and Peter Dickinson acquiring 28,223 shares. This update is in line with the UK Market Abuse Regulation requirements and reflects the confidence in the company’s operations and future prospects by individuals with managerial responsibilities.

Stock BuybackBusiness Operations and Strategy
Mitie Group Undertakes Share Buyback to Enhance Shareholder Returns
Positive
Feb 6, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move is expected to impact the total number of voting rights in Mitie. The share buyback is part of Mitie’s strategy to enhance shareholder returns, following a successful previous three-year plan, and aligns with its new Facilities Transformation plan aimed at accelerating growth and strengthening its market leadership.

Business Operations and StrategyRegulatory Filings and Compliance
Mitie Group PDMR Exercises SAYE Scheme Options
Positive
Feb 4, 2025

Mitie Group plc announced that Phil Bentley, a Person Discharging Managerial Responsibility (PDMR), has exercised options under the 2021 Save As You Earn (SAYE) scheme, purchasing 35,714 shares at an exercise price of £0.504 per share. This transaction, compliant with UK Market Abuse Regulation, indicates continued confidence in the company’s performance and aligns with the strategic interests of its stakeholders.

Business Operations and StrategyRegulatory Filings and Compliance
Mitie Group Updates Share Capital and Voting Rights
Positive
Feb 3, 2025

Mitie Group plc announced its updated issued share capital and voting rights as of January 31, 2025, in accordance with the FCA’s Disclosure Guidance and Transparency Rules. This update assists shareholders in determining their necessary notifications regarding their interests in the company. Mitie’s continued focus on transparency and shareholder engagement reflects its strong operational foundation and market leadership, with strategic plans to extend growth and enhance shareholder returns under its new Facilities Transformation Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Boost Shareholder Value
Positive
Jan 27, 2025

Mitie Group plc has announced the repurchase of 300,000 of its ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares. This move will lead to a reduction in the total number of shares in circulation, potentially enhancing shareholder value and solidifying Mitie’s market positioning. The transaction, conducted through Stifel Nicolaus Europe Limited, aligns with Mitie’s ongoing strategy to strengthen its financial performance and deliver enhanced shareholder returns under its Facilities Transformation Three-Year Plan.

Executive/Board ChangesRegulatory Filings and Compliance
Mitie Group Executive Sells Shares Amid Regulatory Compliance
Neutral
Jan 24, 2025

Mitie Group plc announced that Peter Dickinson, the Chief Legal Officer, sold 175,000 shares of the company, signaling a significant transaction by a key executive. This move is part of routine notifications in compliance with UK Market Abuse Regulation, and it may attract attention from investors and analysts assessing the company’s current market dynamics and executive confidence.

Stock Buyback
Mitie Group Announces Share Buyback to Enhance Shareholder Value
Positive
Jan 24, 2025

Mitie Group plc has announced the repurchase of 300,000 of its ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares. Following this transaction, Mitie will have 1,260,556,719 ordinary shares in issue, reflecting its commitment to enhance shareholder value and consolidate its market position.

Stock Buyback
Mitie Group Executes Share Buyback to Bolster Market Position
Neutral
Jan 23, 2025

Mitie Group plc announced the purchase of 300,000 of its own shares as part of its Share Buyback Programme, with prices ranging from 114.0p to 116.8p per share. These shares will be cancelled, reducing the total number of voting shares to approximately 1.26 billion, which may influence shareholder value and market perceptions of the company’s financial stability.

M&A TransactionsStock BuybackBusiness Operations and StrategyFinancial Disclosures
Mitie Group Achieves Record Q3 Revenue and Strong Growth Momentum
Positive
Jan 23, 2025

Mitie Group plc reported a record quarterly revenue increase of 15% year-on-year for Q3 FY25, reaching £1,317m, driven by strong operational delivery and strategic initiatives. The company completed two strategic infill acquisitions and continued its £100m share buyback program. Mitie remains on track to deliver an operating profit of approximately £225m for FY25, with confidence in future growth supported by new contract wins, extensions, and a robust market position.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback to Boost Market Position
Positive
Jan 22, 2025

Mitie Group plc announced the purchase of 250,000 of its ordinary shares as part of a share buyback program, with intentions to cancel these shares, thus impacting its total voting rights. This move aligns with Mitie’s strategy to enhance shareholder returns and strengthen its market leadership, complementing its existing strong ESG credentials and ambitious growth plans.

Stock BuybackBusiness Operations and Strategy
Mitie Group Undertakes Strategic Share Buyback to Enhance Shareholder Value
Positive
Jan 21, 2025

Mitie Group plc has announced the purchase of 500,000 of its own ordinary shares as part of its Share Buyback Programme, with the intention to cancel these shares to reduce the total number of shares in circulation. This strategic move is part of Mitie’s effort to enhance shareholder value and maintain its market leadership position while focusing on accelerated growth and high shareholder returns as outlined in their new Facilities Transformation Three-Year Plan.

Stock BuybackBusiness Operations and Strategy
Mitie Group Announces Share Buyback as Part of Growth Strategy
Positive
Jan 20, 2025

Mitie Group plc has announced the purchase of 500,000 of its own ordinary shares, ranging in price from 113.4p to 114.4p per share, as part of its Share Buyback Programme. The company plans to cancel these shares, reducing the number of shares in circulation and potentially enhancing shareholder value. This move aligns with Mitie’s strategy to maintain market leadership and deliver enhanced shareholder returns, as outlined in its Facilities Transformation Three-Year Plan.

Mitie Group Executes Share Buyback as Part of Capital Strategy
Jan 17, 2025

Mitie Group plc announced the purchase of 270,000 of its ordinary shares as part of its Share Buyback Programme, with intentions to cancel these shares. This move is part of Mitie’s strategy to manage its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning value to shareholders.

Mitie Group Strengthens Shareholder Value with Share Buyback
Jan 16, 2025

Mitie Group plc announced the repurchase of 500,000 of its ordinary shares as part of its Share Buyback Programme, with a volume weighted average price of 110.8918 GBp per share. The purchased shares will be cancelled, reducing the total number of voting rights. This action is part of Mitie’s strategic efforts to enhance shareholder returns and strengthen its market position, following a significant Total Shareholder Return of 80% over the previous three-year plan.

Mitie Group Announces Share Buyback and Cancellation
Jan 15, 2025

Mitie Group plc announced the purchase and intended cancellation of 500,000 ordinary shares as part of its ongoing Share Buyback Programme. This move, executed through Stifel Nicolaus Europe Limited, aims to optimize the company’s capital structure by reducing the number of shares in circulation, which could potentially enhance shareholder value and solidify Mitie’s market position in its sector.

Mitie Group’s Share Acquisition for Executive
Jan 14, 2025

Mitie Group plc announced that the Trustees of the Company’s Share Incentive Plan have purchased Ordinary Shares on behalf of Phil Bentley, a person discharging managerial responsibility. This acquisition was made in compliance with the UK Market Abuse Regulation, reflecting the company’s adherence to regulatory standards and possibly impacting stakeholder perceptions positively by demonstrating transparency in managerial transactions.

Mitie Group Enhances Shareholder Value through Strategic Share Buyback
Jan 14, 2025

Mitie Group plc announced a buyback of 500,000 of its ordinary shares as part of its Share Buyback Programme, with plans to cancel these shares. This move will reduce the total number of voting shares in circulation, reflecting Mitie’s strategy to enhance shareholder value. The share repurchase aligns with Mitie’s new Facilities Transformation Three-Year Plan aimed at accelerating growth, boosting shareholder returns, and maintaining its market leadership.

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