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REACT Group delivering strong recurring revenues in excess of 85%

REACT Group plc (LON:REAT), the leading specialist cleaning, hygiene, and decontamination company, has announced a trading update for the six months ended 31 March 2024.

Highlights

–      Revenues of £10.6m up 14% (2023: £9.3m)

–      Gross Profit of £2.9m up 15% (2023: £2.5m)

–      Adjusted EBITDA of £1.3m up 38% (2023: £0.9m)

Background

As announced in its full year results on 6 February 2024, momentum from FY23 had continued into the new financial year and that the first few months of FY24 had delivered a record trading performance for the Group. The Board is pleased to report that this trading pattern has continued with good sales growth across all three divisions of the business. As a result, revenues for the six-month period are expected to be approximately £10.6m (2023: £9.3m), achieving a gross profit of approximately £2.9m (2023: £2.5m) and an Adjusted EBITDA* of approximately £1.3m (2023: £0.9m).

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