Mears Group (LON:MER) Full Year 2024 Results
Key Financial Results
- Revenue: UK£1.13b (up 4.0% from FY 2023).
- Net income: UK£46.5m (up 32% from FY 2023).
- Profit margin: 4.1% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: UK£0.50 (up from UK£0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mears Group Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the Management segment contributing a total revenue of UK£576.7m (51% of total revenue). Notably, cost of sales worth UK£879.3m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£178.6m (86% of total expenses). Explore how MER's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 4.1%.
Performance of the British Commercial Services industry.
The company's shares are up 1.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Mears Group (1 is significant!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Mears Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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