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Driver Group driving faster into second half

Steady Interims

But Driving faster into the Second Half

The dividend paying Driver Group (AIM:DRV) reported interims to March 2021 today and the price is unchanged at 49.5p. Driver Group is a global professional multi-disciplinary consultancy service including claims, expert witness, and dispute resolution services. A new forensic accounting service is being established, which compliments the construction-related quantum, delay and technical expert services which could become busier coming out of Covid while also fitting into the strategy of focusing on higher margin business.

Today’s report showed a robust performance with revenue at £24.9m down 11% with an unchanged GP margin at 26% and an underlaying profit of £1,013k 19% lower. Cash-flow was particula...

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