ZIGUP PLC

ZIG

Equity

ISIN GB00B41H7391 / Valor 10530134

LSE London Stock Exchange, SETS (2025-03-13)

GBP 3.01-1.47%

ZIGUP PLC
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About company

Redde Northgate PLC is a prominent integrated mobility solutions platform that operates across the vehicle lifecycle, offering services such as vehicle provision, accident management, and repair. With a substantial branch network in the UK, Ireland, and Spain, the company caters to a wide range of clients including motor insurers, fleet operators, leasing companies, government agencies, blue chip companies, and SMEs. Partnering with various industry leaders, Redde Northgate PLC provides comprehensive solutions to meet the diverse needs of its customers.

Summarized from source with an LLMView SourceSector: Consumer Services

Total Revenue Growth

ZIGUP PLC reported a significant increase in total revenue for FY 2024, reaching £1.83 billion, compared to £1.49 billion in FY 2023 and £1.24 billion in FY 2022. This growth reflects the company's successful expansion and increased market demand for its products and services.

Underlying Profit Before Tax

For FY 2024, ZIGUP PLC achieved an underlying profit before tax (PBT) of £181 million, up from £166 million in FY 2023 and £151 million in FY 2022. This consistent increase in PBT highlights the company's effective cost management and operational efficiency.

Earnings Per Share

ZIGUP PLC's underlying earnings per share (EPS) rose to 61.4 pence in FY 2024, compared to 55.6 pence in FY 2023 and 50.8 pence in FY 2022. The growth in EPS indicates strong profitability and value creation for shareholders.

Return on Capital Employed

The return on capital employed (ROCE) for ZIGUP PLC improved to 14.5% in FY 2024, up from 14.1% in FY 2023 and 13.9% in FY 2022. This improvement demonstrates the company's efficient use of capital to generate returns.

Depreciation Rate Impact

In FY 2024, ZIGUP PLC reported that the statutory profit before tax (PBT) was unaffected by changes in the depreciation rate. The adjustment, which reflects updates from the prior year's estimates, will reverse over the remaining holding period as vehicles are sold with a higher net book value (NBV) and lower profit per unit (PPU).

Summarized from source with an LLMView Source

Key figures

-19.0%1Y

-18.9%3Y

74.2%5Y

Performance

23.6%1Y

25.9%3Y

36.0%5Y

Volatility