Yu Group (YU.)

1,830.00p
   
  • Change Today:
      80.00p
  • 52 Week High: 1,850.00
  • 52 Week Low: 460.00
  • Currency: UK Pounds
  • Shares Issued: 16.74m
  • Volume: 186,062
  • Market Cap: £306.36m

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Yu Group hails record-breaking year

By Michele Maatouk

Date: Tuesday 24 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Yu Group said on Tuesday that it was on course to beat market expectations for the year, as it hailed a "record-breaking" performance.
The company, which provides energy and utility solutions to UK businesses, said it had enjoyed "extremely strong" organic growth, with full-year revenue expected to exceed £275m, up 76% on FY21.

The adjusted EBITDA margin for the year is set to be "significantly" ahead of current market expectations, it said, as it pointed to record-breaking annualised contracts, with average monthly bookings up 78% at £24.5m and a particularly strong performance in the fourth quarter of the year.

Chief executive Bobby Kalar said: "I'm thrilled to report a fantastic, record-breaking performance for FY22. While the board modelled a strong outcome for FY22 we may have underestimated the accelerated contribution our strengthened business would have on the group's FY financial metrics.

"Record breaking organic revenues, profitability and forward contracted revenues have all exceeded management expectations. We are now in the fast lane of growth and expect to exceed current guidance that had already been upgraded in March, July, September and November 2022."

As a result of strong cash generation, management plans to make a "modest" shareholder distribution in respect of the financial performance achieved in FY22, details of which will be announced alongside the audited results for FY22.

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Yu Group Market Data

Currency UK Pounds
Share Price 1,830.00p
Change Today 80.00p
% Change 4.57 %
52 Week High 1,850.00
52 Week Low 460.00
Volume 186,062
Shares Issued 16.74m
Market Cap £306.36m

Yu Group Star Ratings

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What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
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Yu Group Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 23-Nov-23
Paid 20-Jun-24 20-Dec-23
Amount 37.00p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 4,506 @ 1,800.00p
09:29 20,167 @ 1,800.00p
15:06 10,000 @ 1,806.00p
09:29 20,167 @ 1,800.00p
10:59 7,505 @ 1,805.00p

Yu Group Key Personnel

CEO Bobby Kalar

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