Marks Electrical Group (MRK)

Sector:

Retailers

Index:

FTSE AIM All-Share

58.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 73.00
  • 52 Week Low: 50.00
  • Currency: UK Pounds
  • Shares Issued: 104.95m
  • Volume: 29,545
  • Market Cap: £61.40m
  • RiskGrade: 60
  • Beta: 0.00

Marks Electrical on track to achieve FY targets as sales rise

By Michele Maatouk

Date: Tuesday 10 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Online electrical retailer Marks Electrical said on Tuesday that it was on track to achieve its full-year targets as it reported a jump in sales, with a strong performance across categories.
In the nine months to the end of December, revenue grew 22% to £72.9m, while third-quarter revenues were up 33.4% year-on-year to £29.8m. The company pointed to a strong performance across product categories, but particularly in A-rated energy efficient laundry appliances, televisions, refrigeration and small domestic appliances.

Chief executive Mark Smithson said: "To continue our focus on growing brand awareness, we further invested in highly targeted television, radio and out-of-home campaigns over the Black Friday and Christmas sales peaks.

"This led to increased website traffic and broad-based revenue growth across the UK, but with particularly strong improvements year-on-year in London, South East England and the East Midlands.

"We've worked closely with our suppliers throughout the quarter, enhancing our position as a growing, but agile, national retail partner of choice. As supply has stabilised during the last 12 months, we have been able to capitalise on our strong net cash position to enhance our inventory range and product availability, further improving our offering for customers."

At 0935 GMT, the shares were up 3.9% at 93.55p.

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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.

 

MRK Market Data

Currency UK Pounds
Share Price 58.50p
Change Today -0.50p
% Change -0.85 %
52 Week High 73.00
52 Week Low 50.00
Volume 29,545
Shares Issued 104.95m
Market Cap £61.40m
Beta 0.00
RiskGrade 60

MRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.31% below the market average36.31% below the market average36.31% below the market average36.31% below the market average36.31% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
13.65% below the market average13.65% below the market average13.65% below the market average13.65% below the market average13.65% below the market average
5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average
Income
8.11% below the market average8.11% below the market average8.11% below the market average8.11% below the market average8.11% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
74.86% below the market average74.86% below the market average74.86% below the market average74.86% below the market average74.86% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average

MRK Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-24 11-Jul-24
Paid 20-Dec-24 15-Aug-24
Amount 0.30p 0.66p

Trades for 04-Apr-2025

Time Volume / Share Price
13:55 8,403 @ 59.50p
11:27 5,000 @ 58.20p
11:26 100 @ 60.00p
11:26 16 @ 60.00p
09:42 1,675 @ 59.38p

MRK Key Personnel

CEO Mark Adrian Smithson
CFO Joshua E T A Egan

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