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Marlowe PLC - London-based software & service provider for safety and regulatory compliance - Company started the financial year 2024 that began on April 1 well, Chair Kevin Quinn says ahead of Marlowe’s annual general meeting on Wednesday, adding that it continues to deliver ‘strong’ strategic progress with high single digit organic revenue growth between April 1 and July 31.
‘We occupy resilient compliance service & software markets which demonstrate attractive structural growth. Since the start of the financial year, Marlowe has completed five acquisitions for a total enterprise value of £35 million, including the recent acquisition of [ISO certification and quality management provider] IMSM, a key step in the group’s strategy to broaden its governance, risk & compliance capabilities into the highly complementary ISO certification market. We expect to continue to deliver strong performance with high single digit organic growth across FY24.’
Current stock price: 605.88 pence, up 0.6% on Wednesday
12-month change: down 11%
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