Ricardo (RCDO)

Sector:

Support

Index:

FTSE Small Cap

273.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 532.00
  • 52 Week Low: 213.00
  • Currency: UK Pounds
  • Shares Issued: 62.22m
  • Volume: 79,292
  • Market Cap: £169.86m
  • RiskGrade: 242
  • Beta: 0.02

Ricardo set to end year in line with expectations

By Josh White

Date: Tuesday 22 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Ricardo said in an update on Tuesday that it expects to deliver financial performance for the 2024-2025 financial year within the range of analyst expectations, supported by a high level of secured and pipeline net revenue across all business units.
The London-listed engineering and environmental services company said that recent market uncertainty had caused short-term volatility in orders and foreign exchange, but that additional cost-saving actions in the second half were expected to largely mitigate the impact.

It said cash conversion in the second half was anticipated to materially exceed the company's medium-term target.

When viewed over the two-year period ending 30 June, Ricardo said it expected cash conversion for continuing operations to be above 85%.

Net debt for the year was projected to be towards the lower end of analyst guidance, before restructuring costs, with the company expected to remain within its financial covenants.

Management said it planned to deliver at least £10m of incremental cost savings in the 2025-2026 period, building on the efficiencies and margin improvements achieved in the current year.

Ricardo also highlighted enhanced collaboration between its automotive and industrial, and performance products units, which was contributing to diversification into broader industrial markets.

The company said it was continuing to make strong progress on its portfolio transformation, with a growing focus on environmental and energy transition solutions.

Its board said it remained confident in its ability to deliver significant shareholder value through a simpler and more efficient operating model.

"Despite the increased global and market uncertainty in the last few months, Ricardo expects to deliver trading within the range of analyst estimates for 2024-2025," said chief executive officer Graham Ritchie.

"This reflects the continued focus on prioritising growth in resilient end markets, delivering an efficient cost base and focused cash management."

Ritchie said Ricardo was continuing to transform its portfolio leading to a simpler, more efficient business with higher growth and higher margins which would create "significant" value for all shareholders.

"We have a clear strategy, underpinned by targeted cost savings in the short term, and a focus on resilient services and markets for value creation in the medium term."

At 0807 BST, shares in Ricardo were down 1.3% at 224.05p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Ricardo Market Data

Currency UK Pounds
Share Price 273.00p
Change Today -4.00p
% Change -1.44 %
52 Week High 532.00
52 Week Low 213.00
Volume 79,292
Shares Issued 62.22m
Market Cap £169.86m
Beta 0.02
RiskGrade 242

Ricardo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.92% below the market average62.92% below the market average62.92% below the market average62.92% below the market average62.92% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Price Trend
77.3% below the market average77.3% below the market average77.3% below the market average77.3% below the market average77.3% below the market average
75.26% below the sector average75.26% below the sector average75.26% below the sector average75.26% below the sector average75.26% below the sector average
Income
10.5% below the market average10.5% below the market average10.5% below the market average10.5% below the market average10.5% below the market average
38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average
Growth
40.83% above the market average40.83% above the market average40.83% above the market average40.83% above the market average40.83% above the market average
45.65% above the sector average45.65% above the sector average45.65% above the sector average45.65% above the sector average45.65% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ricardo Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Mar-25 31-Oct-24
Paid 11-Apr-25 22-Nov-24
Amount 1.70p 8.90p

Trades for 23-May-2025

Time Volume / Share Price
15:51 185 @ 272.00p
15:19 181 @ 272.00p
14:17 489 @ 270.00p
14:17 489 @ 270.00p
14:17 9,511 @ 270.00p

Ricardo Key Personnel

CEO Graham Ritchie

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