Share Prices & Company Research

Market News

28 Jan 2021 | 11:39

RBG Holdings sees FY revenues and EBITDA ahead of expectations

(Sharecast News) - Professional services firm RBG Holdings said on Thursday that both full-year revenues and underlying earnings were expected to exceed analyst expectations.

In addition to the improved revenue guidance, RBG also said its balance sheet remained "resilient", with a net cash balance of £3.5m as of 31 December 2020.

As a result, RBG now intends to pay a dividend of 3.0p per share in respect of the 2020 financial year on 26 February.

Chief executive Nicola Foulston said: "The group has demonstrated its resilience during a very challenging year.

"The business has built a strong pipeline, and we expect higher levels of M&A activity in the current financial year. We are looking forward to the year ahead with confidence."

As of 1140 GMT, RBG shares had shot up 12.86% to 71.10p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 14th May 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.