Marlowe (GB:MRL) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Marlowe PLC has refocused its strategy on the Testing, Inspection & Certification (TIC) markets, reporting a 4% revenue increase to £151.7 million for the first half of 2024. The company completed a £430 million divestment of its Governance, Risk & Compliance assets and demerged its Occupational Health division, significantly improving its balance sheet with net cash of £30.8 million. Marlowe continues to enhance shareholder value through a share buyback program and aims for organic growth and margin improvement despite potential near-term impacts from the UK Autumn Budget 2024.
For further insights into GB:MRL stock, check out TipRanks’ Stock Analysis page.
