RE: NWT Proactive Investors Video Interview, 3.2.258 Feb 2025 14:40
Proactive Investors has now published this transcript of the 3rd. February NWT video interview:-
"Newmark Security CEO on growth ahead - ICYMI
Published: 14:00 07 Feb 2025 GMT
Written by: Josh Lamb
Newmark Security PLC CEO Marie-Claire Dwek talked with Proactive about the company's strong start to its 2025 financial year and its growth prospects.
Proactive: Hello, you're watching Proactive. Joining me is Newmark Security CEO, Marie-Claire Dwek. Marie-Claire, very good to speak with you. You reported a positive start to your 2025 financial year and have also guided for a strong year overall. Take us through some of the drivers of the growth that you're seeing.
Marie-Claire Dwek: Good morning, Stephen. Thank you. As Newmark, we are very happy with our success so far. As usual, we are second-half weighted, so we are looking forward to presenting our full-year results in September, which will show positive growth.
At Grosvenor, there are a few key drivers in line with our five-year strategy. First, we are continuing our revenue growth by onboarding new customers and displacing low-cost Chinese manufacturers. We are also securing complete market share with many of our customers.
The second key driver is attaching services to all our hardware, which is driving recurring revenue. The third is our new DTE platform. We recently signed an Oracle partnership and are working to progress with Workday and SAP. This will allow us to sell directly to end users, which is a new avenue for us.
For access control at Grosvenor, some projects have shifted, but we still expect to show growth. The same applies to Safetell, where some projects moved from the first half of the year to the second half, but we anticipate momentum in our full-year results.
Proactive: You mentioned Grosvenor. It performed particularly well, with recurring revenue from workforce management services rising 30%. Has that continued into the second half?
Marie-Claire Dwek: Absolutely. We expect an even higher percentage in the second half, and that growth continues. As we've onboarded new customers, our existing customers are all taking services now. That number is compounded and will grow as our business grows, which is very exciting for us.
Proactive: North American sales drove revenue growth in your services business. How are you positioned to continue that growth?
Marie-Claire Dwek: We are very happy with our position, and that growth will continue. We forecast that over 50% of our business at Grosvenor will come from North America for the full year. That will sustain as we onboard more clients. Given the state of the UK economy, it's advantageous that we operate across the UK, US, and Europe. ..."
https://www.proactiveinvestors.co.uk/companies/news/1065874/newmark-security-ceo-on-growth-ahead-icymi-1065874.html