Shearwater Group plc provides earnings guidance for the year 2024. For the period, the company expected revenue to be c.£22.5m (FY23: £26.7m), with Adjusted EBITDA1 returning to profit compared to the prior year at just under £1m (FY23: £(0.2)m). Whilst this unaudited financial performance was below market expectations2 the Group continues to maintain a healthy balance sheet with year end cash at £5m, in line with market expectations, £1m ahead of the prior year and £3m higher than the cash position at the half year, reflecting the expected cash generation in the second half.
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5-day change | 1st Jan Change | ||
44 GBX | 0.00% | +7.32% | -4.35% |
Apr. 03 | Shearwater shares fall as misses annual market expectations | AN |
Apr. 03 | Shearwater Group plc Provides Earnings Guidance for the Year 2024 | CI |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-4.35% | 13.13M | |
-14.57% | 189B | |
+0.72% | 166B | |
+1.14% | 152B | |
+8.46% | 99.37B | |
+6.11% | 77.36B | |
+14.88% | 70.76B | |
-7.93% | 70.46B | |
-21.72% | 51.83B | |
-6.79% | 44.34B |
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