Gateley chief executive Rod Waldie believes the professional services group can “look to the future with confidence” despite concerns about the uncertain economic backdrop.<\/p>\n
The group’s board told shareholders it “is conscious that macro indicators continue to point to ongoing volatile market conditions, at least in the near term”.<\/p>\n
Gateley has been “encouraged by the patient investment” it made in specialist services, and plans to continue to allocate capital that can deliver “sustainable, long-term profitable growth”.<\/p>\n
It also remains focused on its ambition to deliver operating margins to at least 13.5% over the near term, through growing revenues and being more efficient. It achieved an underlying margin of 11.7% in the year to April.<\/p>\n
Waldie said: “Our long-term strategy of client-focused investment in people augmented by continued improvements in our internal structure and technology, will ensure the group is positioned well to deliver profitable growth in FY26 and beyond.<\/p>\n
“Whilst we continue to monitor and adjust in response to the unpredictable environment, the group is carrying good momentum into the current financial year.”<\/p>\n
The group has “resilience” across its four platforms – business services, corporate, people, and property – and trading in the current financial year is in line with expectations as it approaches the end of the first quarter.<\/p>\n
Gateley has confirmed revenues were up 4% last year, to \u00a3179.5m, with underlying pre-tax profits edging up 1% to \u00a323.3m.<\/p>\n","protected":false},"excerpt":{"rendered":"
Professional services group ‘encouraged’ by the momentum created from patient investment<\/p>\n","protected":false},"author":18,"featured_media":2067398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120781,58124],"coauthors":[81],"class_list":["post-2100044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-professionals","tag-featured-story","tag-greater-birmingham"],"yoast_head":"\n