AIM companies seek to double FTSE growth targets

AIM-listed companies are targeting 12-month revenue growth rates double those of their FTSE counterparts, according to a PwC study.

The 'Thriving on AIM' report said AIM companies are seeking revenue growth of 24% over the next 12 months in spite of ongoing global economic uncertainty. This is double the 12% target found in a comparable survey of FTSE 250 firms, and ahead of the 18% average target for private companies as a whole. One in five AIM companies are looking to expand turnover by 50% in the next 12 months, the study found. PwC AIM Leader David Snell said growth strategies now greatly outweigh cost-cutting plans among the 96 companies surveyed, but warned against over-optimism. Some 70% of companies su...