FTSE 250 movers: Eurowag surges, RS Group slips on revenue fall

(Sharecast News) - FTSE 250 (MCX) 21,479.95 1.63% RS Group tumbled after saying it expects a 0.6% fall in like-for-like annual revenue due to "difficult markets", although annual adjusted pre-tax profit would come in marginally ahead of expectations of £241m.

The industrial and electronic parts maker said the EMEA region had delivered quarter on quarter improvement throughout the year and anticipated a return to marginal growth in the second half of 2026.

Asia-Pacific was showing continued momentum, with revenue also expected to grow in the second half versus the first six months of fiscal 2025.

"Although Americas was broadly flat in H1 2026, we expect it to decline in H2 2026 as a result of the continuing challenging trading environment in Mexico," the company, formerly known as Electrocomponents, said in a trading statement.

Eurowag shot up as it forecast further growth, after annual earnings motored ahead.

The London-listed firm, known as Eurowag, acknowledged that the macroeconomic and geopolitical environment had been "challenging" in the year to December end. It also spent much of the year focused on rolling out a new digital platform.

However, despite that total net revenue rose 12.9% to €330.1m, driven predominantly by strong growth in its payment solutions division. Revenues at the unit jumped 20.1% to €200.4m, and by 3.3% in mobility solutions, to €129.7m.

Adjusted earnings before interest, tax, depreciation and amortisation rose 8.5% to €132.1m. Pre-tax profits were 62.4% higher at €19m.

Martin Vohanka, founder and chief executive, called 2025 a "defining year" for the Czech business, which listed in London in 2021.

He said: "After years of disciplined investment and execution, we brought to life our most ambitious project: Eurowag Office, our end-to-end digital platform, is now live. This is a major strategic milestone for the group, that strengthens our position as the commercial road transport industry's digital operation partner."

Around 35% of customers were already using the platform, Vohanka noted. "Continuing to ensure a smooth customer migration experience is a strategic priority for this year.

"We remain confident in our ability to deliver in line with market expectations for 2026, as we transition to build to scale."

The company is forecasting low double-digit net revenue growth for the current year.

The stock had put on 3% at 101.5p as trading opened in London.

Bytes Technology Group rallied after Tuesday's slump when the IT reseller said operating profit this year would be broadly flat on the back of higher costs.

Miners were higher on a stronger gold price with Pan African Resources and Endeavour Mining making gains.

FTSE 250 - Risers

W.A.G Payment Solutions (EWG) 109.50p 10.83% Spire Healthcare Group (SPI) 153.40p 6.97% Bytes Technology Group (BYIT) 270.40p 6.62% BlackRock World Mining Trust (BRWM) 891.00p 5.95% Pan African Resources (PAF) 135.80p 5.75% Close Brothers Group (CBG) 379.40p 5.27% Bellway (BWY) 1,852.00p 5.22% THG (THG) 30.46p 4.89% Endeavour Mining (EDV) 4,328.00p 4.84% Vistry Group (VTY) 354.30p 4.43%

FTSE 250 - Fallers

RS Group (RS1) 561.50p -4.26% Ceres Power Holdings (CWR) 300.40p -2.28% Pantheon Infrastructure (PINT) 109.00p -1.80% Bluefield Solar Income Fund Limited (BSIF) 81.50p -1.69% Moonpig Group (MOON) 210.00p -1.18% Gamma Communications (GAMA) 725.00p -1.09% BH Macro Ltd. GBP Shares (BHMG) 420.00p -0.71% HGCapital Trust (HGT) 397.00p -0.63% Capital Gearing Trust (CGT) 5,020.00p -0.59% Pets at Home Group (PETS) 179.50p -0.55%