‘Cautious’ Gateley reports rise in revenue and profits
Gateley, the professional services group, has reported revenue and profit growth for the six months to the end of October, despite a “challenging” macro-economic environment.
The firm said its revenue will rise by around 7% and is expected to come in at not less than £81.5m, while profits are forecast to reach around £10m – up 4% on last year.
Despite a challenging market due to macro-economic conditions, the Group’s increasingly diverse business lines combined to deliver a resilient performance in the Period. Group revenue grew by c.7% and is expected to be not less than £81.5m.
Gateley said it continues to perform in line with its board’s expectations for FY 24 – but that it is maintaining a “cautious” outlook.
Rod Waldie, CEO of Gateley, said: “Given the economic conditions during the Period, I am pleased with the Group’s performance in H1 24 and improving activity levels as the financial year progresses mean that we are carrying good momentum into H2.
“Whilst the macroeconomic and geopolitical outlook remains uncertain, the Group continues to benefit from the resilience created by our strategy of investing in a diverse and complementary range of professional services. Our balance sheet provides a strong foundation from which to take a long-term view of potential opportunities to further invest in both legal and consultancy services.
“Finally, as always, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.”