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.
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 4.2%.
Performance of the British Commercial Services industry.
The company's shares are up 6.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Mears Group has 2 warning signs (and 1 which is significant) we think you should know about.
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.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.