Marks Electrical
Ticker: MRK Exchange: AIM markselectrical.co.uk/

Marks Electrical sells, delivers, installs and recycles a wide range of household electrical products. The Marks Electrical group was founded in Leicester in 1987 by its Chief Executive Officer, Mark Smithson, and has expanded into a nationwide online retailer, with a strong track record of growth and scaling the business as a result of the consumer shift to online shopping.

Marks Electrical - FY Results - Investor Presentation video - 15 June 2023

Marks Electrical Group plc, the fast-growing online electrical retailer, conducted an investor webinar following publication of their FY results.

Mark Smithson (founder & Chief Executive Officer), and Josh Egan (Chief Financial Officer) took investors through highlights of the FY23 period, which included 21.5% revenue growth, ongoing market share gains and an improved net cash position. They discussed the roll out of their built-in installation offering, the significant brand awareness improvement in London over the past few months, and highlighted the strong start made already in FY24. Management answered a wide-ranging series of questions from investors.

The full presentation video is divided into chapters as below:
0:00:21 Key FY23 highlights
0:05:11 Financial overview
0:14:58 Strategic update
0:36:36 Summary & Outlook
0:38:12 Questions & Answers

 

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