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Prices & Quotes - UK Markets - Mitie Group (MTO)

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Share Price:
Up 64.50p
Change Today:
0.50p
Market Cap:
915.52m
Sector:
Support Services

Mitie Q3 revenues come in ahead of expectations

By Iain Gilbert

Date: Thursday 28 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Facilities management firm Mitie said on Thursday that third-quarter organic revenues had come to 573.9m, 6.7% ahead of the same period last year.
However, nine-month organic revenues of 1.54bn were 4.3% cumulatively lower than the same period a year earlier, of which 4.0% was due to the loss of a Ministry Of Justice contract and the reduced scope of its NHS Properties contract from 31 March 2020.

Mitie did highlight that year-to-date new contract wins and renewals were in excess of 770.0m and said average daily net debt in the third quarter improved from 313.0m in debt to a net cash position of 31.0m.

Looking forward, Mitie noted that although its performance in the third quarter of the year was "encouraging", new national lockdown measures were likely to result in flat growth in the fourth quarter.

However, the company expects its overall second-half performance will be stronger than that seen in the first.

As of 1010 GMT, Mitie shares were down 1.76% at 41.90p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Mitie Group Market Data

Currency UK Pounds
Price 64.50p
Change Today 0.50p
52 Week High 66.80p
52 Week Low 27.25p
Volume 1,270,060
Shares Issued 1,419.41m
Market Cap 915.52m
Beta 0.04

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
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Mitie Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 27-Jun-19
Paid 04-Feb-20 09-Aug-19
Amount 1.33p 2.67p

Trades for 16-Apr-2021

Time Volume / Share Price
16:45 845 @ 64.30p
16:45 845 @ 64.30p
16:35 548,688 @ 64.50p
16:29 34 @ 64.40p
16:29 414 @ 64.40p

Mitie Group Key Personnel

CEO Phillip Bentley