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Published on: February 6, 2024

This year good, next year better

Beeks has this morning provided a robust (in-line) update for H1 FY24 (six months to 31 December 2023) and outlook for the full year. There is also news of two significant contracts and guidance to upgraded estimates for FY25E based on recent competitive tender wins. We see this combination as a major move forward for the business, both in terms of near-term financials and the scale and style of future client wins. The business is clearly enjoying rude health against a challenging global backdrop. We expect further good news in coming months and believe that performance could become even stronger if markets continue their recent form.

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