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FRP Advisory Group PLC - London-based specialist business advisory firm - Says trading across all its divisions are ‘currently ahead of the board’s expectations’. It expects to deliver results for the financial year to April 30 ahead of market expectations, which it puts at £147.6 million for revenue and £39.9 million for adjusted Ebitda. For financial 2024, the firm had reported revenue of £128.2 million and adjusted underlying Ebitda of £37.1 million.
‘FRP is pleased with its performance in the year to date, with trading across each of the five service pillars currently ahead of the board’s expectations, demonstrating FRP’s ability to grow profitably through a range of services that help clients at different stages of their corporate cycle,’ FRP says. It declares a 0.95p per share third-quarter dividend, up 5.6% from 0.9p a year prior. The company expects to release full-year results in mid-May.
Current stock price: 138.02 pence each, up 3.0% on Monday morning in London
12-month change: up 9.5%
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