Grainger Increases FY24 Pre-Tax Profit; Near-Term Upgrades EPRA Compensation Guide

LONDON (dpa-AFX) – Grainger plc (GRI.L) reported financial year 2024 pre-tax profit of 40.6 million pounds, compared to 27.4 million pounds last year. Earnings per share were 4.2p instead of 3.5p. EPRA Earnings increased by 21% to £48.0 million. EPRA EPS was 6.5p instead of 5.4p. Adjusted EPRA Earnings after tax per share were 4.9p instead of 4.2p. Adjusted earnings were £91.6m, down 6% on the previous year. Adjusted EPS was 9.3p instead of 10.3p.

Revenue for the twelve months ending September 30, 2024 was 290.1 million pounds, compared to 267.1 million pounds the previous year. The Group’s Net Rental Income increased by 14%, reaching 110.1 million lira. Comparable PRS rental growth was 6.3%.

Looking ahead, the Group has increased its EPRA earnings forecast for financial year 2026 by £5m to £60m; This is the second upgrade in the last 12 months. Additionally, the Group expects EBITDA margin to increase significantly from 54% currently to over 60% by fiscal 2029.

For more earnings news, earnings calendar and stock gains, visit rttnews.com.

Related Posts