Europe
Croma Security Solutions Group PLC’s Half-Year Report
• The report, released on February 24, 2025, is a public disclosure of the company’s financial performance.
• The report includes inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended (“MAR”).
• The company’s financial performance is analyzed using a light-gray, small-scale typography.
• The report also includes a summary of the company’s financial performance, including its revenue, net profit, and net loss for the year.
• The company’s financial performance is compared to the London Stock Exchange and other financial institutions.
• The report also includes a discussion on the company’s strategy for the future, including its plans for the future and potential risks.
Croma Security Solutions Group’s Financial Performance and Strategy
• Croma Security Solutions, a technology-led security solutions provider, has announced a strong financial performance in the first half of 2024.
• The company has delivered solid revenue growth, enhanced profitability, and a strengthened balance sheet.
• The company’s growth strategy is focused on establishing a national security network.
• The company plans to reinvest proceeds from the sale of Vigilant into generating a higher return by growing Croma into a national security brand.
• The board aims to acquire modestly valued, independent locksmith stores and convert them to security centres with a broader product range, securing cost savings and delivering significantly greater earnings potential.
• The acquisition and conversion model is well-established with a good pipeline of opportunities ahead and an annual ROI target of at least 15%.
• Since the end of the period under review, the company has acquired Meridian Security Systems, a family-owned locksmith business based in Leeds.
