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(Sharecast News) - Amcomri Group said in an update on Tuesday that it expects to report a 24% rise in revenue to £58.1m, and a 33% increase in adjusted EBITDA to about £7.7m, for the year ended 31 December, driven by strong organic growth and the successful execution of its acquisition strategy.
The AIM-traded engineering and industrial manufacturing group completed three strategic acquisitions during the year, supporting its 'buy, improve, build' model.
It said 2024 also marked its AIM initial public offering, which raised £12m in gross proceeds to fund further growth initiatives.
Early in the 2025 financial year, Amcomri completed the acquisition of EMC Elite Engineering Services, expanding the capabilities of its embedded engineering division and creating further cross-selling potential.
The group said it was continuing to evaluate a robust pipeline of acquisition opportunities.
Trading in the current financial year had started positively, with further detail to be provided alongside the company's final results, which were scheduled for release on 20 May.
At 1008 BST, shares in Amcomri Group were up 3.96% at 49.9p.
Reporting by Josh White for Sharecast.com.
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