Sureserve - FY22 Results - Jan 23
Sureserve has released a record set of results, in which all metrics pointed firmly upwards. Revenue (+27%), EBITA (+36.6%), PBT (+40.5%), EPS (+28.6%), net cash (+42%), and the order book (+18*). This was also comfortably ahead of consensus at all levels. That the EBITA margin increased by 0.4pp to 6.1% in times of rapid and aggressive cost inflation is a testament to the business model and the people involved. over 90% of FY23 expected revenue is in the order book at known margins, consensus has been upgraded significantly, and trading momentum has carried into 1H23.Lakehouse is an asset and energy support services group. Co.'s segments include: Compliance, which comprises planned and responsive maintenance, installation and repair services to local authority and housing association clients in the areas of gas, fire and electrical, water and air hygiene and lifts; Energy Services, which provides energy efficiency measures to social housing and private homes, including insulation, heating systems and renewable technologies; Property Services, which provides planned and responsive maintenance and project works for social housing; and Construction, which provides refurbishment and small to medium-sized public building works, for local authority clients.
Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.
Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.
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