Zigup reports 9.7% rise in underlying EBIT to GBP 164 million

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Zigup reported a 9.7% increase in underlying EBIT to GBP 164 million for the full year, with group revenue reaching GBP 1.86 billion. The company raised its full-year dividend by 2.3% to GBP 0.27 per share. Spain was the standout growth market, with rental revenue up more than 16% and margins holding at 19.3%, while the company also raised margin guidance for the region. Cash generation improved, with steady-state cash rising GBP 79 million to GBP 96 million, and the company remains on track to deliver GBP 20 million in run-rate savings by fiscal 2028. Zigup also exited non-core businesses NewLaw and ChargedEV, which management said should improve profitability going forward.

Impact on assets 2

Electrification & Mobility▲
ZIGUP plc
ZIG
▲ PositiveCapitalrelevance

Underlying EBIT up 9.7%, dividend raised, margin guidance improved, and non-core exits to boost profitability

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