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Birmingham Post
Birmingham Post
Business
Isabel Finch

K3 Capital Group reports 'double-digit' revenue and EBITDA increase

Bolton-based K3 Capital Group has achieved “double-digit” increase in revenue and EBITDA, it said.

In a trading update ahead of its half-year results, the listed business and company sales firm saw EBITDA margin maintained at in excess of 40 per cent.

The Group said it has also seen a record number of completed transactions, up 30 percent from the same period the year previous.

Growth has been primarily driven from its Knightsbridge and KBS Corporate brands, the group said.

K3 CEO John Rigby said: “We are pleased to report another very solid H1 performance with more transactions completed during the first half than ever before, a particularly encouraging performance in the context of the difficult market backdrop of political and economic uncertainty.

“This growth is further backed up by a record number of deals in the pipeline that underpins our confidence of continued growth in the second half of FY20 and beyond.”

The update comes ahead of its interim results for the half year ended November 30, due to be announced on February 4.

The firm also said it welcomes the “political stability that last week’s election result brings”.

“While the outlook for the UK still sees some economic uncertainty, not least surrounding Brexit, the company is pleased with the growth that has been achieved during H1 and can confirm that it remains confident in achieving market expectations,” it added.

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