Newmark Security wraps up strong year as positive momentum continues

Spread the love

–News Direct–

Newmark Security PLC CEO Marie-Claire Dwek takes Proactive's Stephen Gunnion through the company's trading update for the year to 30 April 2024 following a strong second-half performance.

The UK-based firm, specialising in electronic software and security systems, has observed a positive revenue trajectory, reaching over 22 million. This increase was complemented by significant improvements in EBIT, EBITDA, and cash flow figures, with year-end cash rising to 1.1 million from 600,000 in the previous year. Growth was recorded across both divisionsPeople and Data Management and Physical Securitywith Human Capital Management (HCM) posting a 28% increase in recurring revenues to 2.9 million for the year.

Dwek highlighted the company's expansion in the US market, including setting up a US headquarters and internalising logistics operations, which has enhanced service responsiveness and operational efficiency.

Looking ahead, Dwek remains optimistic about the new financial year, pointing to a strong sales pipeline with potential in both hardware and software, indicating a continued upward trend in growth and expansion for Newmark Security.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/newmark-security-wraps-up-strong-year-as-positive-momentum-continues-908383416

Newmark Security PLC

comtex tracking

COMTEX_452502316/2655/2024-05-17T03:05:03

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Graph Daily journalist was involved in the writing and production of this article.

Cloud PR Wire

Cloud PR Wire