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An announcement from Cohort plc ( (GB:CHRT) ) is now available.
Cohort plc has reported a record performance in the first half of the financial year, with a 25% increase in revenue to £118.2m and a 69% rise in adjusted operating profit to £10.1m. The company’s order book reached a record £541.1m, driven by strong demand in its Communications and Intelligence division, particularly from the UK MOD. The company has announced strategic acquisitions, including EM Solutions Pty Ltd and Interactive Technical Solutions Limited, to bolster its market position. With ongoing international tensions driving increased defense spending, Cohort anticipates continued strong performance into the second half of the year and beyond, with significant revenue already secured through its order book extending to the mid-2030s.
More about Cohort plc
Cohort plc is an independent technology group headquartered in Reading, Berkshire, UK, with operations in Germany and Portugal. It provides a diverse array of services and products primarily for the defense and related markets, divided into two main divisions: Communications and Intelligence, and Sensors and Effectors. The company operates through subsidiaries like EID, MASS, MCL, Chess Dynamics, ELAC SONAR, and SEA, focusing on advanced communication systems, data technology, electronic and surveillance technology, and sonar systems.
YTD Price Performance: 87.13%
Average Trading Volume: 148,225
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £460.9M
For a thorough assessment of CHRT stock, go to TipRanks’ Stock Analysis page.
