Marks Electrical raises profit expectations despite unchanged sales outlook
Marks Electrical ($MRK-LSE) now expects at least £3.75 million of adjusted EBITDA for the year ending March 2027, above market expectations, following stronger first-half profitability. Revenue is still expected to be broadly in line with expectations. Management attributed the improvement to operating efficiencies, tighter fixed costs and better product gross margins, rather than a disclosed increase in sales forecasts. The retailer also appointed Philip Luke De Villanueva as chief financial of
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