The low-cost computer manufacturer Raspberry Pi issued full year results this morning, noting EBITDA growth of 25%, ahead of expectations. Pre-tax profits rose by 63% and the strong sales momentum that helped elevate performance has carried through to the New Year. The company’s semiconductor business is also faring well, with strong demand set to power further growth, whilst the UK production facilities also mean that the impact of US tariffs on the business has been somewhat less than seen from kit constructed in China. The Raspberry Pi share price was up more than 20% in early trade.
The manufacturer of a range of soft drinks but arguably best known for the iconic Scottish Irn Bru brand, AG Barr issued full year results this morning. The company is seeing the benefits of its growth through acquisition strategy and anticipates further synergies to land during the second half of the year. Operating margins added 120 basis points whilst adjusted pre-tax profits grew by 12.5%. Investors have been rewarded with an 11% increase in dividends and the AG Barr share price was up more than 8% shortly after the open.
Publishing group Future issued a pre-close trading statement today which evidently rattled market sentiment. A more pronounced shift in Google-search derived audiences has impacted advertising and ecommerce revenues, resulting in downward pressure on revenues in the second half of the year, squeezing EBIDA margins as a result. Cash generation remains strong, but the Future share price was down more than 25% by 8.40am.
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Motor Finance Update - - Lloyds Banking Group (LLOY)
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Statement regarding possible offer - - Brickability Group (BRCK)
