Marks Electrical lifts FY profit outlook

(Sharecast News) - Online electrical retailer Marks Electrical lifted its full-year profit outlook on Monday following a better-than-expected end to the year. In a further update following its pre-close update in March, the company said it continues to expect to deliver full-year revenue of £108.5m. However, following a stronger-than-anticipated end to the year, unaudited adjusted earnings before interest, tax and depreciation were £2.65m and net cash was £4.45m at year end.

In its update on 26 March, Marks Electrical had said FY26 adjusted EBITDA was set to be "comfortably" ahead of consensus and in excess of £2m. Cash was expected to be around £3.5m to £4m.

"The group enters FY27 with positive trading momentum and a strengthened cash position," it said on Monday.

"Building on the progress made during FY26, the board expects sustainable growth in both revenue and profitability in FY27 as the benefits of its disciplined focus on margin and operational efficiency continue to be realised."

At 0950 BST, the shares were up 1.1% at 48.04p.

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