No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Online electrical retailer Marks Electrical lifted its full-year profit outlook on Monday following a better-than-expected end to the year.
In a further update following its pre-close update in March, the company said it continues to expect to deliver full-year revenue of 108.5m. However, following a stronger-than-anticipated end to the year, unaudited adjusted earnings before interest, tax and depreciation were 2.65m and net cash was 4.45m at year end.
In its update on 26 March, Marks Electrical had said FY26 adjusted EBITDA was set to be "comfortably" ahead of consensus and in excess of 2m. Cash was expected to be around 3.5m to 4m.
"The group enters FY27 with positive trading momentum and a strengthened cash position," it said on Monday.
"Building on the progress made during FY26, the board expects sustainable growth in both revenue and profitability in FY27 as the benefits of its disciplined focus on margin and operational efficiency continue to be realised."
At 0950 BST, the shares were up 1.1% at 48.04p.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.