Amcomri (AMCO) Trading update summary

Financial performance and trading update

• FY24 revenues expected at £58.1m, a 24% increase from £47.0m in 2023.

• Adjusted EBITDA projected at £7.7m, up 33% from £5.8m in 2023.

• Three strategic acquisitions completed in FY24, supporting growth.

• Successful AIM IPO raised £12m to fund further expansion.

• FY25 trading has started positively, with further updates to follow.

Strategic initiatives and acquisitions

• Acquisition of EMC Elite Engineering Services enhances the Embedded Engineering Division.

• Active acquisition pipeline continues to be evaluated for future growth.

• Group's strategy focuses on "Buy, Improve, Build" for specialist engineering and manufacturing.

• 17 acquisitions to date, including 13 operating companies and 4 bolt-on purchases.

Business model and market positioning

• Operates through Embedded Engineering and B2B Manufacturing divisions.

• Provides technical services to UK infrastructure, transportation, and energy sectors.

• Focuses on acquisitions from owner-manager retirement situations to sustain enterprise value.

• Compound annual revenue growth of 48.8% between FY21 and FY23.