Bond.az – Shares in British defense technology group Cohort surged over 12% on Wednesday after reporting adjusted operating profit of £36 million and revenue of £303 million for the year ended April 30, both beating consensus estimates.
Consensus had forecast revenue of £293.9 million and adjusted operating profit of £34.7 million. Revenue beat by 3.1% and profit by 3.7%.
The order book hit a record £620 million, up from £615 million a year earlier, covering about 80% of market revenue expectations for 2026-27.
Order intake reached £313 million, surpassing the prior year's £284 million. RBC Capital maintained an 'outperform' rating and 1,740p price target.
