WEBULL

Mears Group Full Year 2024 Earnings: In Line With Expectations

Simply Wall St · 05/01 05:16

Mears Group (LON:MER) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£1.13b (up 4.0% from FY 2023).
  • Net income: UK£46.5m (up 32% from FY 2023).
  • Profit margin: 4.1% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: UK£0.50 (up from UK£0.33 in FY 2023).
Our free stock report includes 2 warning signs investors should be aware of before investing in Mears Group. Read for free now.
revenue-and-expenses-breakdown
LSE:MER Revenue and Expenses Breakdown May 1st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mears Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Management segment contributing a total revenue of UK£576.7m (51% of total revenue). Notably, cost of sales worth UK£879.3m amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£178.6m (86% of total expenses). Explore how MER's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 4.1%.

Performance of the British Commercial Services industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Mears Group (1 is significant!) that you need to be mindful of.