REACT Group plc (LON:REAT), the leading specialist cleaning and soft facilities management services company, has announced its unaudited interim results for the six-month period ended 31 March 2024.
Financial highlights
· Revenue increased by 13% to £10,566k (H1 2023: £9,320k)
o Repeat/recurring revenue greater than 85%
· Gross profit increased by 15% to £2,868k (H1 2023: £2,484k)
· Gross profit margin strengthened by 40 basis points to 27.1% (H1 2023: 26.7%)
· Adjusted EBITDA* increased by 35% to £1,281k (H1 2023: £951k)
· Cash and cash equivalents as at 31 March 2024 of £1,490k (H1 2023: £650k)
· Free cash flow increased by 35% to £923k (H1 2023: £684k)
· Basic earnings per share of 0.41p (H1 2023: loss of 0.41p)
· Adjusted EBITDA* earnings per share of 6.02p (H1 2023: 4.51p)