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Pin to quick picksCVS Group Share News (CVSG)

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TRADING UPDATES: Petropavlovsk expects lower output; Keywords robust

Thu, 27th Jan 2022 17:49

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Petropavlovsk PLC - gold miner in Russia - For the fourth quarter of 2021, total gold production increases 26% year-on-year to 143,100 ounces from 113,500 ounces the same period a year before, due to higher output across the group's mines. Sales for the quarter rose to 130,100 ounces from 113,100 ounces. For 2021 as a whole, total gold output was 449,800 ounces, down 18% from 548,100 ounces in 2020, but in line with guidance set at 430,000 to 470,000 ounces. Looking ahead, Petropavlovsk has guided for a further drop in annual output, with 2022's guidance between 380,000 and 420,000 ounces. The outlook for production is expected to be similar in 2023.

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Keywords Studios PLC - Dublin-based technical services for video game developers - For 2021, has raised its guidance for revenue and profit for the year. Revenue is now expected at EUR512 million, compared to earlier guidance of EUR505 million, and up 37% from EUR373.5 million the year before, while adjusted pretax profit is set to rise 56% to EUR86 million from EUR55.0 million. The improved guidance reflects high levels of demand for services in the market, as well as Covid-19 leading to reduced costs, including travel and property expenses.

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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Despite reduced occupancy levels as a result of regional restrictions in the fourth quarter of 2021, for 2021 as a whole, room revenue increases 33% to GBP84.4 million from GBP63.6 million, while RevPAR grew 22% to GBP35.9 and occupancy edged upwards to 30.7% from 28.0% in 2020.

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CVS Group PLC - Norfolk-based veterinary services - For the six months ended December 31, revenue rose 11% to GBP273.7 million from GBP245.6 million the year before, driven by one-off gains from Covid-19 travel testing and increased membership in the Healthy Pet Club. Like-for-like revenue increased 9.6%. Adjusted Ebitda is on-track to be GBP52.0 million, up from GBP45.1 million. Looking ahead, current trading remains in line with management expectations.

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3i Group PLC - London-based private equity and venture capital company - Over the three months to December 31, net asset value per share rises to 1,325 pence from 1,153p at the end of September 30. For the nine months ended December 31, total return was 32.6%, reflecting a strong performance across both investment portfolios, with Action remaining a star performer in Private Equity on strong sales and earnings.

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Tritax Big Box REIT PLC - London-based investor in distribution centres - In 2021, notes strong occupier demand, with take up for the year exceeding 42 million square feet for the second consecutive year, while the volume of outstanding occupier requirements remaining consistent with the record level seen in the fourth quarter of 2020. In the fourth quarter of 20201, vacancy stood at 1.6% amid a shortage of ready to occupy space. Tritax with 3 to 4 million square feet of development starts expected over the next 12 months.

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Headlam Group PLC - Birmingham-based floor coverings distributor - For 2021, expects underlying pretax profit to be ahead of market expectations, which is GBP35.0 million, on revenue which is anticipated to grow 15% to GBP667.2 million from GBP578.1 million the year before. Looking ahead, early trading in 2022 is encouraging, with the company mostly mitigating industry-wide supply issues and inflationary pressures.

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Tissue Regenix Group PLC - Leeds-based regenerative medical devices company - For 2021, revenue increases 13% year-on-year to GBP14.4 million from GBP12.8 million, partly buoyed by a strong performance from the BioRinse division. Starting from its 2022 accounts, the company will change its presentation currency to the US dollar from pound sterling.

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Ricardo PLC - West Sussex-based engineering and environmental consultancy - Order intake for the six months ended December 31 rose 16% to GBP210 million from the same period a year prior, as the company continues to trade in line with expectations, especially with growth in Energy & Environment, Performance Products and Defense. Order book as at December 31 is in excess of GBP310 million, compared to GBP318 million in the same date in 2020. Looking ahead, Ricardo will update on the future direction of its Automotive & Industrial business unit, with performance being hampered by a slow recovery from Covid-19.

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TClarke PLC - London-based building services firm - Due to excellent trading in the second half of 2021, the group expects to post results for the year as a whole in line with management expectations. For the year, TClarke expects pretax profit to hike to GBP7.8 million from GBP1.2 million, on revenue which is set to reach GBP327 million, up from GBP231.9 million in 2020, but falling short of GBP334.6 million in 2019. Looking ahead, TClarke expects revenue to exceed the GBP400 million mark in 2022, and reach GBP500 million by the end of 2023.

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RPS Group PLC - London-based professional services firm - For the fourth quarter of 2021, fee revenue increases 5.8% year-on-year to GBP122.5 million from GBP115.8 million, lifted by growth in Energy, Consulting UK & Ireland and Norway, with urbanisation trends continuing to drive strong demand for company services. Full year revenue is up 4.1% at GBP476.1 million from GBP457.3 million. As a result, adjusted pretax profit is set to be in line with market expectations, which is at GBP21.0 million.

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Cambridge Cognition Holdings PLC - Cambridge, England-based digital neuroscience company - For 2021, revenue grows 50% to GBP10.1 million from GBP6.7 million the year before, leading to a swing to posttax profit to around GBP500,000 from a loss of GBP400,000. Order intake for the year closed at GBP15.7 million, a 25% rise from GBP12.7 million the year before.

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Biome Technologies PLC - Southampton-based plastic material and resin manufacturing company - For 2021, revenue was in line with market expectations at GBP6.5 million, and up 14% from GBP5.7 million posted in 2020. However, the company is expected to report a loss before interest, tax, depreciation and amortisation for the year.

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RBG Holdings PLC - London-based law firm - For 2021, the company expects adjusted Ebitda to be 10% ahead of current market expectations, leading to RBG being set to declare a total dividend for the year at 5.0 pence per share, up 66% from 3.0p the year before.

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John Menzies PLC - Edinburgh-based aviation services and cargo handling - Trading in the latter part of the fourth quarter of 2021 was in line with management expectations, with several service lines continuing to reap gains in productivity in spite of travel restrictions. Looking ahead, remains confident in a continued recovery of flight volumes. In addition, will change its presentational currency to US dollars from the UK pound, as only 11% of its business remains in the UK.

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Empresaria Group PLC - Crawley, West Sussex-based specialist staffing - For 2021, expects adjusted pretax profit to come above recently upgraded market expectations, as net fee income for the year grows 10% year-on-year to GBP59.5 million, driven by growth from all business units, mainly Offshore Recruitment Services. Looking ahead, company continues to see favourable market conditions across parts of the group.

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Hansard Global PLC - Douglas, Isle of Man-based specialist long-term savings provider - For the second quarter ended December 31, present value of new business premiums was GBP33.5 million, down 20% from GBP42.1 million the same period a year prior, but up 6.7% from GBP31.4 million the previous quarter. New business for the six month period dropped 15% to GBP64.9 million from GBP76.3 million, however assets under administration edged upwards over the six month period to GBP1.23 billion at December 31 from GBP1.22 billion as June 30.

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LSL Property Services PLC - Newcastle-based estate agency - For 2021, revenue is expected to increase 23% year-on-year to GBP327 million from GBP266.7 million the year before, leading to underlying operating profit increasing to record levels, in line with management expectations.

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IDE Group Holdings PLC - Edinburgh-based network, cloud and IT managed services - Revenue for 2021 is expected to increase by at least 20% year-on-year, while Ebitda stands to be no less than GBP2.5 million. Looking ahead, the company anticipates double digit growth in 2022, of which 85% is from existing customers.

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Zotefoams PLC - cellular materials technology company based in Croydon, England - For 2021, pretax profit is expected to meet market expectations at GBP7.0 million, down from GBP8.3 million the year before, while revenue is on-track to be GBP100 million, up from GBP82.7 million in 2020.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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