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NAHL Group Plc ( (GB:NAH) ) just unveiled an update.
NAHL Group PLC announced its trading update for the fiscal year ending December 31, 2024, reporting results in line with expectations despite a reduction in personal injury revenues. The company’s revenues are anticipated to be £38.8 million, reflecting an 8% decrease from the previous year, primarily due to the Personal Injury business’s challenges. However, the Group’s Critical Care division, Bush & Co, showed robust growth, with revenues increasing by 9%. The company successfully reduced net debt by 27% to £7.1 million, surpassing market expectations. The Group remains in exclusive negotiations for the potential sale of Bush & Co, although no definite transaction terms are announced. Despite ongoing challenges in the Personal Injury sector, NAHL’s management has implemented cost reduction strategies resulting in significant savings, and the Group continues to perform in alignment with market projections.
More about NAHL Group Plc
NAHL Group PLC is a prominent player in the UK Consumer Legal Services market, offering services and products to both individuals and businesses. The company operates through two primary divisions: Consumer Legal Services, which provides marketing services to law firms, claims processing, and property search services; and Critical Care, which offers specialist services in the serious injury market through Bush & Co.
YTD Price Performance: -5.21%
Average Trading Volume: 23,189
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £31.96M
Find detailed analytics on NAH stock on TipRanks’ Stock Analysis page.
