20 January 2025
Croma Security Solutions
Group Plc
("CSSG", "Croma", "the "Company" or the "Group")
Trading
Statement
Trading Positively, Strong
Balance Sheet and Positioned to Expand Security Centre
Network
Croma Security Solutions Group plc
(AIM:CSSG) is pleased to announce the following update on trading
for the first six months ("H1 2025") of its financial year ending
30 June 2025 ("FY 2025").
H1 2025
During the six month period, the
Company performed well and expects to report revenue of £4.6
million (H124: £4.27 million), up 8% on the previous year. Trading
is firmly on track to meet market expectations for FY 2025 as a
whole.
This growth reflects the Group's
continuing success in delivering high-quality security solutions
across locksmith, fire and security services for both domestic and
commercial environments. The Group has seen a organic growth in
both divisions across its core markets in the education, utilities,
health and leisure sectors, with several new orders from existing
clients, particularly in the healthcare sector.
Croma continues to have a strong balance sheet with no debt and cash
of £4.1 million as at 31 December 2024, with a further £2.5 million
due from the disposal of Vigilant over the next six
quarters.
H2 2025
Trading for the second half has
begun positively. The pipeline of locksmith acquisition
opportunities continues to develop with some opportunities well
advanced. Key acquisition targets are typically family-owned
businesses, seeking an exit for founders but also often combining
an opportunity for the next generation of the family to participate
in the future growth of the stores and the Croma network. The
Company is open to acquiring freehold or leasehold properties,
depending on the individual commercial structure of each
acquisition. All freehold properties are currently debt free and
could, if required, be used as collateral to raise additional
investment capital.
Roberto Fiorentino, Chief Executive Officer,
commented: "We are pleased with our
performance in for the first half of our financial year and
with a good pipeline of acquisition opportunities in place,
and the financial resources to fund them, we feel well-positioned
to deliver further growth."
For
further information visit www.cssgplc.com or
contact:
Croma Security Solutions Group Plc
Tel: +44 44 (0)1489 566 166
Roberto Fiorentino, CEO
Teo Andreeva, CFO
Zeus
Tel: +44 (0)203
829 5000
(Nominated Adviser and
Broker)
Mike Coe
James Bavister
Novella
Tel: +44 (0)203 151
7008
Tim Robertson
Claire de Groot
Safia Colebrook
