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Marlowe Plc revenue for FY20 improves by 44%

1 min read | May 12, 2020 06:31 PM BST | By Team Kalkine Media
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Marlowe Plc (LON:MRL) has released its year-end trading statement and COVID-19 update.

  • The revenue for the financial year grew 44 per cent to around £185 million as compared to £128.5 million in 2019.
  • The Board of the company expects Adjusted EBITDA for the year ended 31 March 2020 (excluding the effects of the adoption of IFRS 16) to be in line with market expectations and to demonstrate good margin expansion.
  • Net debt of the company as at 31 March 2020 (excluding the effects of the adoption of IFRS 16) was £32.4 million, in line with market expectations.
  • On 12th May 2020, at the time of writing, GMT 08:37 AM, MRL shares were trading at GBX 413.00, up by 8.00 points or 1.98% against the previous day closing price.

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