Phoenix ME forecast revenue to rebound by 20%

London building services specialist Phoenix ME is predicting sales revenue will rebound by 21% this year as UK orders compensate for a post-Brexit lull in European data centre work.
Latest published accounts show turnover fell £50m to £140m in the year to 30 September 2021, knocking down pre-tax profit by a quarter to £5m.
As a result operating margin slipped from around 4% previously to 3.5%, while over the year average headcount fell by nearly 100 to 307 staff.The current ord