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Investing.com -- RS Group (LON:RS1) on Thursday reported first-half results broadly in line with market expectations, with day-adjusted organic revenue growth of 1% in the second quarter.
The company posted revenue of £1.403 billion for the first half, compared to consensus estimates of £1.406 billion. Earnings before interest, taxes and amortization (EBITA) came in at £122 million with an EBITA margin of 8.7%, while fully diluted adjusted earnings per share reached 17.6p.
The company declared an interim dividend of 8.7p.
The results were slightly flattered by a £3 million disposal of activities in Finland, Estonia, Lithuania and Latvia. Without this disposal, first-half EBITA would have been approximately 4% below expectations.
By region, EMEA organic revenue declined 2% with EBITA of £86.0 million, while Americas saw 1% growth with EBITA of £35.1 million. APAC delivered the strongest performance with 4% organic revenue growth and EBITA of £3.4 million.
The company generated free cash flow of £86 million, down slightly from £89 million in the same period last year. Net debt stood at £333 million, representing a net debt to EBITDA ratio of 1.0x, an improvement from 1.3x a year earlier.
Despite challenging market conditions, RS Group stated it continues to take market share and maintained its full-year 2026 outlook unchanged.
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