Marlowe update secures market interest

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Marlowe update secures market interest
Master Investor Magazine

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Safety and regulatory compliance group Marlowe (LON:MRL) has announced that revenues for the year ended 31st March were up by 62%, driven by both acquisitions and underlying organic growth across its divisions. Management believe that adjusted EBITDA for the year will be slightly ahead of market expectations.

The firm made eight acquisitions during the 12 months as well as divesting one non-core business, and management said that the integration of the new businesses was proceeding well and that the pipeline for further acquisitions remained good.

The price of shares in the AIM-listed group climbed by 3.42% to 431.28p (as of 15:20 BST).

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