Princes Group shows solid post-IPO progress

Princes Group Q1 revenue rose 6% YoY to GBP506.6 million, supported by acquisitions and resilient core categories. EBITDA increased 17% to GBP38.2 million, while margin improved to 7.5% from 6.8%, reflecting operational discipline, synergies and portfolio optimisation. Free cash flow reached GBP34 million, with net cash rising to GBP344 million. Its M&A pipeline remains active and it expects to complete at least one acquisition in the near term. (Princes Group)