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44.00 0.00 (0.00%)

Bid:

43.00

Ask:

45.00

Spread: 2.00 (4.651%)

Market Cap: £10.40m

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React 'cautiously optimistic' for remainder of year

Thu, 18th Feb 2021 09:04

(Sharecast News) - Cleaning firm React told investors at its annual general meeting on Thursday that it had continued to trade "well" since the period ended 30 September.
React said both profits and cash generation were stronger than in the prior year, while margins and operational efficiencies had also continued to improve.

While the AIM-listed company said the impact of the current Covid-19 pandemic continued to be "unpredictable", it remains "well positioned" to support customers' critical requirements and highlighted its growing pipeline of business to execute on.

"We remain cautiously optimistic for the remainder of the year," said React.

"Our strategy remains to build a leading position across our business through organic growth and, if the right opportunities present themselves, via strategic acquisitions to support our goal of becoming the country's most trusted name in the provision of specialist cleaning, decontamination, and hygiene services."

As of 0900 GMT, React shares were up 1.58% at 1.93p.