Cohort sees robust demand amid tensions, holds financial 2027 outlook

Cohort PLC on Thursday said trading in the past 12 months had been in line with expectations and its growth outlook for financial 2027 remains unchanged.

Shares in the Reading, England-based defence technology business were down 4.1% at 1,132.00 pence in London around midday on Thursday.

Cohort said it saw "a further increase in performance last year, delivering record revenue, adjusted operating profit and earnings per share".

The company said it expects higher growth in the second half of financial 2027 than in the first, as in previous years.

Cohort said its order book was around £700.0 million as of mid-September, underpinning nearly 90% of current market consensus revenue expectations for financial 2027. The order book was £618.8 million when financial 2026 ended on April 30.

"We continue to see good prospects for further order intake this year and beyond, providing a solid platform to continue our organic growth momentum, whilst supporting our medium-term aim to improve net margins to a mid-teens percentage," Cohort said.

The company said it continued to see robust demand from both domestic and export customers, driven by the relevance of its offerings against a backdrop of persistent global conflicts and tensions.

Cohort said it will release in December its full half-year results for the six months ending October 31.

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