London-listed digital-transformation consultancy company, Kin & Carta, anticipates surpassing market forecasts for adjusted operating profit in the fiscal year. The company has successfully realigned its operating model, resulting in a reduced cost base and improved operational efficiencies.
Strong Financial Outlook
Kin & Carta predicts that adjusted operating profit for the year ending July 31 will range between £17.9 million and £18.4 million ($22.8 million to $23.4 million), surpassing market expectations by 10.5% to 14.0%. The adjusted operating profit margin is expected to fall within 9.3% to 9.6%, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margins are projected to be between 11.7% and 12.0%.
Despite these positive financial forecasts, the company expects its revenue to remain flat at GBP192 million, aligning with initial expectations.
CEO’s Optimism
Chief Executive Kelly Manthey expressed her satisfaction with the company’s performance through a challenging second half. She emphasized the achievement of returning to modest quarterly growth and establishing an improved cost base. Manthey also acknowledged the ongoing macro challenges in the industry but remained encouraged by the start of Q1, supported by a strong foundation of enterprise clients.
