Petards Group Reports Steady Revenue and Strategic Acquisition

Petards (GB:PEG) has released an update.

Petards Group PLC, a developer of advanced security and surveillance systems, has maintained steady revenue of £4.4 million and improved its gross profit margin to 49.0% in the first half of 2024, alongside a successful acquisition of Affini Technology. The company has seen a significant increase in its order book to £7.1 million and anticipates further growth with new contract wins post-June, although it may fall short of market expectations for the year. The acquisition of Affini is expected to be earnings accretive and has already contributed positively to the company’s performance.

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