- Marlowe
- 28 April 2025 07:53:47
Source: Sharecast
The company, which provides services that ensure regulatory compliance like installing fire detection systems, said continuing operations delivered £305m in revenues and £32.5m in adjusted EBITDA over the year – more or less in line with market expectations.
However, both figures were down substantially from last year after the £430m divestment of selected governance, risk and compliance (GRC) software and services assets and the demerger of its Occupational Health division.
However, adjusted pre-tax profit is estimated to come in at £18.5m, comfortably above the £16m consensus forecast.
As part of its GRC divestment, Marlowe returned £150m to shareholders by way of a special dividend last July, and launch a £75m share buyback programme which is now nearing completion. On Monday, the company announced plans to return a further £15m to shareholders.
In other news, Marlowe also announced the £6.2m acquisition of SludgeTek, an Andover-based specialist provider of waste management and manufacturing services.
"The acquisition further strengthens Marlowe's position as a leading provider of wastewater rental solutions and is highly complementary to the group's existing capabilities," the company said.