Thursday, February 29, 2024

Gateley reports “resilient” performance in first half

Professional services group Gateley has hailed a “resilient performance” in its half year results, amidst a challenging market due to macro-economic conditions.

According a trading update ahead of its half year results for the six months ended 31 October 2023 (H1 24), group revenue grew by 7% and is expected to be not less than £81.5m.

Underlying profit before tax, meanwhile, is expected to be not less than £10m, representing growth of 4%.

Rod Waldie, Chief Executive Officer of Gateley, said: “Given the economic conditions during the period, I am pleased with the group’s performance in H1 24 and improving activity levels as the financial year progresses mean that we are carrying good momentum into H2.

“Whilst the macroeconomic and geopolitical outlook remains uncertain, the group continues to benefit from the resilience created by our strategy of investing in a diverse and complementary range of professional services.

“Our balance sheet provides a strong foundation from which to take a long-term view of potential opportunities to further invest in both legal and consultancy services.

“Finally, as always, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.”

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