Mark Braund of REACT: Significant Growth Delivered & Strong Start to the Year

Mark Braund Chairman of REACT #REAT discusses their final results for the year, which was the fourth successive year of double-digit organic growth and says the first few months of FY24 have delivered a record trading performance.

Financial highlights

·      Revenue increased by 43% to £19.6m (2022: £13.7m)

-     87% recurring revenue (2022: 83%)

-     organic revenue growth of approximately 21% (on a like-for-like basis)

-     Numerous multi-year contracts won via cross-selling across the Group

·      Gross profit up 61% to £5.2m (2022: £3.3m)

·      Gross profit margin up 300 basis points to 27% (2022: 24%)

·      Adjusted EBITDA* up 133% to £2.3m (2022: £1.0m)

·      Free cash flow £2.1m (2022: outflow £1.0m)

·      Cash as at 30 September 2023 of £2.1m (30 September 2022: £1.5m)

TO READ THE FULL RNS CLICK HERE