The global professional services business JTC Plc (JTCPF), on Thursday, reported that net organic revenue growth in H1 2024 was ahead of its updated guidance of 10%+ per annum, with record H1 new business wins of £18.8 million, up 28.8% from the prior year's £14.6 million.
The company stated that it has made a positive start to 2024, the first year of its Cosmos era business plan, during which it aims to once again double revenue and underlying EBITDA from that reported in 2023. The business has quadrupled in size since IPO in 2018 through the successful delivery of its Odyssey era (2018 to 2020) and Galaxy era (2021 to 2023) business plans.
The new business enquiry pipeline going into H2 remains strong across both Divisions, with win rates of about 50%.
During the period, the company has delivered against its well-established guidance metrics for underlying EBITDA margin (33% - 38%) and leverage (1.5x - 2.0x underlying EBITDA). Cash conversion was good, consistent with levels seen in the first half of the year, and the company expects to meet its full-year estimate of 85% - 90%. As a result, the Board expects the company to generate full-year 2024 results that meet market expectations.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.