Driver Group PLC has released its interim report for the six months ended 31 March 2024, highlighting financial and operational performance. The company reported revenue from continuing operations of £22.5m, with a gross profit margin of 27%. The underlying profit before tax was £0.6m, and net cash stood at £3.6m. The company also maintained its dividend at 0.75p. Operational highlights included improved utilisation rates, and regions like Europe & Americas, Middle East, and Asia Pacific returned to profit. The company also announced an initial ordinary share buyback program of £250k and provided an update on its IT security. The CEO expressed optimism about the progress made and the upcoming brand transition to Diales, expecting further momentum in H2 FY24. The company will host presentations for analysts and investors on 12 June 2024.
For more details, the full report can be accessed at the following link: https://www.equitydevelopment.co.uk/research/tag/driver-group