By Joe Hoppe
Mitie Group said it will set out a range of new financial targets, including for earnings and revenue, for fiscal 2025 to fiscal 2027 at its Capital Markets Event.
The U.K. outsourcing company said it will set out targets on Thursday for the years ending March 31, 2025, to March 31, 2027, including a high single digit revenue compound annual growth rate, a 5% operating profit margin by fiscal 2027, and earnings before interest, taxes, depreciation and amortization of more than 300 million pounds ($369.4 million) by fiscal 2027.
The company said these targets will be underpinned by its continued disciplined approach to investment.
Its technology-led transformation strategy is also expected to drive growth in the three key areas of major key accounts, projects work through upselling to existing customers, and through mergers and acquisitions to add new capabilities, it said.
Shares at 0753 GMT were up 0.2 pence, or 0.2% at 103.0 pence.
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