Hardman & Co Initiation of Coverage on Cavendish plc (CAV): Profitable even in tough markets

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Hardman & Co Research
Hardman & Co Initiation of Coverage on Cavendish plc (CAV): Profitable even in tough markets

10-Jul-2025 / 08:45 GMT/BST
The issuer is solely responsible for the content of this announcement.

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Hardman & Co Initiation of Coverage: Cavendish plc (CAV) - Profitable even in tough markets
  Cavendish reported a return to profitability in the year to March 2025. Revenue was up 3% on a comparable basis – against a still tricky background for UK smaller companies – and adjusted pre-tax profit was £3.7m against a loss of £1.8m in the year to March 2024. The result was an indication of the strength of the diversified revenue stream – with both private and public divisions healthily profitable – and a strong control on costs, which fell on a like-for-like basis. Currently, the stock is trading on 9.4x EV/NOPLAT 2026E and 5.6x 2027E.   Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/cav-profitable-even-in-tough-markets/ If you are interested in meeting the company, you can register your interest by clicking on the above link.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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End of Announcement - EQS News Service 2167716  10-Jul-2025