Pennant International: Record Gross Margin & Return to Operating Profit

Pennant International Group plc (LON:PEN), the IPS software and services company, has provided the following trading update ahead of the publication of the Company’s full-year results for the year ended 31 December 2023, which are scheduled to be announced in April 2024.

The preliminary unaudited assessment of the Group’s trading for FY23 indicates:

·       Group revenues of £15.5 million (2022: £13.7 million);

·       gross margin of 50%, a record for the Group (2022: 42%);

·       adjusted earnings before interest and tax (EBIT) of £0.4 million (2022: EBIT loss of £1.0 million)

·       adjusted earnings before interest, taxation and amortisation (EBITA) of £1.7 million (2022: EBITA of £0.5 million);

·      adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of £2.2 million (2022: EBITDA of £1.1 million);

·       net debt at year-end of £1.9 million (2022: net debt of £0.4 million), with post year-end receipts resulting in net cash of £0.3 million during week commencing 15 January.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Pennant International plc

More articles like this

Pennant International plc

GenS revolutionises data management by saving months of work

One of Pennant International’s Integrated Product Support experts, Mike Petik, frequently assists customers and industry partners in developing and formatting database requirements according to their specific industry standards. Previously, this process involved using a Microsoft Access

Pennant International plc

Advanced training tool for Aircraft Maintenance

Pennant International has developed the Generic Hand Skills Trainer, commonly known as GenSkill, which serves as a stand-alone device designed to simulate the experience of working on aircraft components. This training tool focuses on the essential

Pennant International plc

Pennant International’s busy September

The Pennant Team has a packed schedule for September, participating in three significant exhibitions. From 11 to 13 September, 2024, Pennant Australasia’s Stavros Tsolakides (Stav) and Des St Bruno (Bruno), along with Mark Willis from the

Pennant International plc

Pennant International reports positive trading update

Pennant International Group, a systems support and training solutions company based in Cheltenham, has announced a positive trading update for the first half of 2024. The firm reported revenues of £7.4 million for the period, up

Pennant International plc

Pennant International reports £7.4 million revenue increase

Pennant International, a software and training support provider for the aviation industry based in Gloucestershire, has reported revenues of £7.4 million for the past six months. This marks a slight increase in their financial performance. Consequently,