HARDMAN & CO RESEARCH Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Strong trading and industry opportunity

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07/12/2018 17:40




Hardman & Co Research


Hardman & Co Research: Gateley (Holdings) Plc (GTLY): Strong trading and industry opportunity


07-Dec-2018 / 16:40 GMT/BST



Hardman & Co: Strong trading and industry opportunity



Gateley's trading statement in respect of 1H 2019 was sparkling, with 20% revenue growth in 1H and a highly confident outlook for 2H. We expect to revise our forecasts up by £2m at the revenue line and by more than £0.5m in EBITDA with the interims, a highly positive picture 7 months into the financial year, after upward revisions with the finals. A broad-based law-led professional services group, it is a leader in serving the UK mid-market. It is delivering on its pre-IPO plan, growing revenue, profit, breadth of service offering and geographical footprint since flotation. The opportunity for long-term growth at Gateley is substantial.



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https://www.hardmanandco.com/research/corporate-research/strong-trading-and-industry-opportunity/






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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the world with high-quality research, investor engagement programmes and advisory services.



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