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    GTLY   GB00BXB07J71

GATELEY (HOLDINGS) PLC

(GTLY)
  Report
Delayed London Stock Exchange  -  03:00 2022-12-07 am EST
173.50 GBX   -0.29%
11/24Gateley remains positive on strong first-half revenue and profit
AN
11/24Gateley plc Provides Earnings Guidance for the Six Months Ended 31 October 2022
CI
10/21UK dividends calendar - next 7 days
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Gateley remains positive on strong first-half revenue and profit

11/24/2022 | 07:58am EST

(Alliance News) - Gateley Holdings PLC on Thursday said it has traded in line with market expectations during the first half of the financial year, as it guides for revenue and profit to jump.

The Birmingham-based legal and professional services group said it expects revenue in the six months ended October 31 to be up 22% annually and to be at least GBP76.0 million. In the first half of financial year 2022, revenue was up 23%.

Underlying adjusted pretax profit is expected to be up 11% year-on-year and to be at least GBP9.4 million. In the same period last year, pretax profit was GBP8.5 million.

Gateley noted that it has a strong balance sheet and it continues to trade in line with market expectations. It added that it remains "mindful" of the economic outlook.

Gateley plans to announce its interim results for the six months ended October 31 on January 18.

Chief Executive Rod Waldie said: "In a period that included previously announced investment to strengthen our operating model and some predicted and appropriate post-pandemic increases in operating costs, our resilient business model, enhanced by an increasing range of complementary services, and our embedded 'one-team' culture, remain the driving forces behind another strong financial performance by the group."

Shares in Gateley were up 1.7% to 176.00 pence each in London on Thursday afternoon.

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Financials
Sales 2023 162 M 198 M 198 M
Net income 2023 16,6 M 20,3 M 20,3 M
Net cash 2023 16,5 M 20,1 M 20,1 M
P/E ratio 2023 13,6x
Yield 2023 5,44%
Capitalization 218 M 267 M 267 M
EV / Sales 2023 1,24x
EV / Sales 2024 1,12x
Nbr of Employees 1 368
Free-Float 49,7%
Chart GATELEY (HOLDINGS) PLC
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Technical analysis trends GATELEY (HOLDINGS) PLC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 174,00 GBX
Average target price 241,17 GBX
Spread / Average Target 38,6%
EPS Revisions
Managers and Directors
Roderick Richard Waldie Chief Executive Officer & Director
Neil Andrew Smith Secretary, Executive Director & Finance Director
Nigel Terrence Payne Independent Non-Executive Chairman
Simon Pigden National Head-Commercial, Technology & Media
Peter Gareth Davies Chief Operating Officer
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