Redcentric Announces FY25 Revenue Growth and Appoints New CEO to Lead Next Phase

 

Redcentric plc (LSE:RCN) has issued a pre-close trading update for its fiscal year 2025, reporting notable gains in both revenue and EBITDA. The performance was fueled by recent strategic acquisitions and enhanced operational efficiencies. As part of a broader restructuring, the company has successfully separated its Data Centre and Managed Services businesses, aiming to optimize performance and customer focus.

In a key leadership transition, Michelle Senecal de Fonseca has been named the new Chief Executive Officer. With a robust background in the technology sector, her appointment is expected to reinforce Redcentric’s strategic vision and accelerate growth initiatives across its core markets.

While the company demonstrates strong top-line growth and solid cash generation, it continues to face challenges related to profitability and elevated leverage. Technical market indicators point to mixed investor sentiment, with limited momentum, though the outlook remains constructive. Despite a relatively high price-to-earnings ratio, the company’s consistent dividend yield and increased institutional interest—such as the growing stake by Lombard Odier—underscore market confidence.

Company Overview: Redcentric plc

Redcentric is a prominent UK-based managed IT services provider, offering a broad portfolio of services including network connectivity, cloud, and data centre operations. Known for its disciplined acquisition strategy and focus on operational improvements, Redcentric serves a wide range of industries with mission-critical technology solutions.

• Average Daily Trading Volume: 50,405

• Technical Analysis Signal: Strong Buy

• Current Market Capitalization: £198.9 million

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