Mitie Group plc (LSE:MTO) reported a robust first-half performance for fiscal year 2026, with revenue climbing around 10% year-on-year to £2.7 billion. Growth was supported by strong organic expansion and the successful acquisition of Marlowe plc, which is expected to deliver meaningful cost synergies and boost future revenue.
Reflecting this momentum, Mitie upgraded its operating profit guidance to at least £260 million for the year and restarted its £100 million share buyback program. This move underscores management’s confidence in its strategic execution and financial strength, while also reinforcing its commitment to shareholder returns.
The integration of Marlowe is anticipated to enhance operational efficiency and broaden Mitie’s service capabilities, supporting continued top-line growth.
The company’s outlook is shaped by strong financial performance, including healthy revenue growth and improved cash flow. While technical indicators currently point to a bearish trend that may signal short-term volatility, Mitie’s valuation remains moderate with a balanced P/E ratio and an attractive dividend yield, appealing to both growth and income investors.
About Mitie Group plc
Founded in 1987, Mitie Group plc is a leading UK-based facilities management and compliance services company. It employs approximately 80,000 people and works with around 3,000 customers across public and private sectors. Mitie offers technology-driven solutions in areas such as engineering, security, and hygiene, as well as major infrastructure and decarbonization projects, cementing its leadership in the facilities services market.
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