Utilities giant OCU Group smashes £1bn revenue barrier as expansion plans ramp up
OCU Group, the Stockport-based energy transition and utilities infrastructure services company, has broken the £1bn revenue mark for the first time.
It reported strong growth, strategic investment, and international expansion.
Group revenue increased by 37.8% to £1.221bm. Adjusted operating profit increased by 37.7% to £136.1m, while adjusted EBITDA rose by 38.9% to £154.1m.
The previous year’s £63.6m pre-tax profit, before exceptional items, has become a pre-tax loss of £20.1m.
However, the group cautions that this ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
