Cohort PLC
LSE:CHRT
Cohort PLC
Cohort Plc is a holding company, which engages in the provision of defense solutions. The company is headquartered in Reading, Berkshire and currently employs 1,005 full-time employees. The company went IPO on 2006-03-08. Its business segments are Chess, EID, ELAC, MASS, MCL and SEA. The company provides a range of services and products for the United Kingdom, Portugal and international customers in defense and related markets. Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defense and security markets. EID designs and manufactures advanced communication systems for the global tactical and naval defense sector. ELAC supplies advanced sonar systems and underwater communications. MASS is a specialist defense and technology business, focused on electronic warfare, digital services and training support. MCL designs sources and supports advanced electronic and surveillance technology for the ministry of defense and other government agencies. SEA delivers and supports technology-based products for the defense and transport markets alongside specialist research and training services.
Cohort Plc is a holding company, which engages in the provision of defense solutions. The company is headquartered in Reading, Berkshire and currently employs 1,005 full-time employees. The company went IPO on 2006-03-08. Its business segments are Chess, EID, ELAC, MASS, MCL and SEA. The company provides a range of services and products for the United Kingdom, Portugal and international customers in defense and related markets. Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defense and security markets. EID designs and manufactures advanced communication systems for the global tactical and naval defense sector. ELAC supplies advanced sonar systems and underwater communications. MASS is a specialist defense and technology business, focused on electronic warfare, digital services and training support. MCL designs sources and supports advanced electronic and surveillance technology for the ministry of defense and other government agencies. SEA delivers and supports technology-based products for the defense and transport markets alongside specialist research and training services.
Record Revenue: Cohort reported record first-half revenue of £128.8 million, with continued growth driven by its diversified defense technology businesses.
Margins & Profit: Adjusted operating profit declined slightly to £9.7 million, in line with expectations following a record prior period; group margins were affected by mix and lower performance at MCL.
Order Book Strength: Order intake of £122.3 million kept the order book near its record at £604.5 million, covering 96% of full-year revenue forecasts and underpinning visibility into the 2030s.
Dividend Growth: The interim dividend was increased by 10% to 5.8p, reflecting the Board's confidence in future prospects.
Full-Year Outlook: Expectations for the full year remain unchanged, with guidance for a stronger second half and a full-year net margin around 12%.
Strategic Investments: New facilities in Germany and Canada, plus the acquisition of EM Solutions, expanded capacity and contributed to growth.
Defense Demand: Management highlighted strong ongoing demand due to global geopolitical tensions, especially in Europe and Asia Pacific, with increased defense spending supporting future growth.
