JTC (JTC)

Sector:

Financials

Index:

FTSE 250

822.50p
   
  • Change Today:
      3.00p
  • 52 Week High: 830.00
  • 52 Week Low: 627.50
  • Currency: UK Pounds
  • Shares Issued: 166.01m
  • Volume: 20,005
  • Market Cap: £1,365.40m
  • RiskGrade: 117

JTC delivers record new business wins in 2022

By Iain Gilbert

Date: Thursday 02 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Professional services business JTC said on Thursday that it had delivered "strong organic growth" in the year ended 31 December, with record new business wins providing it with "good momentum" into 2023.
JTC said 2022 was "a successful year" for the company, which saw it deliver double-digit net organic revenue growth above its medium-term guidance range of 8-10%, driven by record new business wins of £24.6m - up roughly 17.7% year-on-year.

The FTSE 250-listed group stated underlying earnings will be at the top end of the range of market expectations, while its EBITDA margin will be, as expected, at the lower end of medium-term guidance of 33-38%.

Cash conversion was also said to be at the top of guidance of 85-90% and, following its acquisition of NYPTC, leverage was said to have remained at the lower end of 1.5-2.0x reported underlying EBITDA.

Chief executive Nigel Le Quesne said: "Looking ahead, we are particularly focused on developing our US footprint across both Divisions, maintaining organic growth momentum in the core business and continuing to secure the right acquisition opportunities in a fragmented and consolidating market."

As of 0945 GMT, JTC shares were up 3.46% at 747.0p.





Reporting by Iain Gilbert at 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.

 

JTC Market Data

Currency UK Pounds
Share Price 822.50p
Change Today 3.00p
% Change 0.37 %
52 Week High 830.00
52 Week Low 627.50
Volume 20,005
Shares Issued 166.01m
Market Cap £1,365.40m
RiskGrade 117

JTC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
98.1% below the sector average98.1% below the sector average98.1% below the sector average98.1% below the sector average98.1% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
43.10% above the sector average43.10% above the sector average43.10% above the sector average43.10% above the sector average43.10% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
84.85% below the sector average84.85% below the sector average84.85% below the sector average84.85% below the sector average84.85% below the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
79.44% above the sector average79.44% above the sector average79.44% above the sector average79.44% above the sector average79.44% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 0
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JTC Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Sep-23 01-Jun-23
Paid 20-Oct-23 30-Jun-23
Amount 3.50p 6.88p

Trades for 28-Mar-2024

Time Volume / Share Price
12:21 20 @ 822.50p
12:21 11 @ 822.00p
12:21 12 @ 822.00p
11:58 8 @ 821.00p
11:58 175 @ 821.00p

JTC Key Personnel

CEO Nigel Le Quesne
CFO Martin Fotheringham

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