Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

534.50p
   
  • Change Today:
      5.50p
  • 52 Week High: 570.00
  • 52 Week Low: 404.00
  • Currency: UK Pounds
  • Shares Issued: 241.18m
  • Volume: 103,707
  • Market Cap: £1,289.12m
  • Beta: 0.00

Bytes Technology trades well amid 'competitive market environment'

By Iain Gilbert

Date: Thursday 11 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Computer software reseller Bytes Technology Group said on Thursday that it has continued to "trade well" against the backdrop of a "competitive market environment", with good growth across key financial performance metrics for the first four months of the trading year.
The FTSE 250-listed group said percentage growth in both gross invoiced Income and adjusted operating profit was "comfortably in double digits", with gross profit growth in the high single digits as a result of an increased weighting towards high volume, lower margin software wins in the period.

Chief executive Sam Mudd said: "The overall performance of the business was again driven by strong and stable demand from both corporate and public sectors for our market-leading, supported and secure IT systems. We remain confident that our continued strong vendor partnerships and first-rate client service position us well to achieve our strategic goals for the year."

As of 0815 BST, Bytes shares were down 1.72% at 515.00p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BYIT Market Data

Currency UK Pounds
Share Price 534.50p
Change Today 5.50p
% Change 1.04 %
52 Week High 570.00
52 Week Low 404.00
Volume 103,707
Shares Issued 241.18m
Market Cap £1,289.12m
Beta 0.00

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.82% below the market average87.82% below the market average87.82% below the market average87.82% below the market average87.82% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
36.19% above the market average36.19% above the market average36.19% above the market average36.19% above the market average36.19% above the market average
40.48% above the sector average40.48% above the sector average40.48% above the sector average40.48% above the sector average40.48% above the sector average
Income
0.55% above the market average0.55% above the market average0.55% above the market average0.55% above the market average0.55% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
54.95% above the market average54.95% above the market average54.95% above the market average54.95% above the market average54.95% above the market average
41.03% above the sector average41.03% above the sector average41.03% above the sector average41.03% above the sector average41.03% above the sector average

BYIT Dividends

  Latest Previous
  Final Special
Ex-Div 10-Jul-25 10-Jul-25
Paid 25-Jul-25 25-Jul-25
Amount 6.90p 10.00p

Trades for 06-Jun-2025

Time Volume / Share Price
13:30 3 @ 534.50p
13:30 39 @ 534.50p
13:30 41 @ 534.50p
13:30 100 @ 533.50p
13:30 27 @ 533.50p

BYIT Key Personnel

Chair Patrick De Smedt
CFO Andrew Holden
CEO Sam Mudd

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