Initiation on Concurrent Technologies 7 Sept 2026

Equity Development1 week ago1:19

We discuss Concurrent Technologies’ strong first half performance and outlook for the rest of the year. Revenue rose 10% year-on-year to £23.2 million, with Adjusted EBITDA up 20% year-on-year, while first half order intake was £46.9 million and had reached £68 million by reporting time. The company expects a particularly strong second half and an exceptionally busy fourth quarter, despite investing in expanding production facilities at Colchester. We initiate coverage with a Fair Value of 328p / share , versus last close of 268p.